After a strong start to the year, behavioral health deals began to slow in Q2. Overall, there were 31 behavioral health deals in the second quarter of the year, down from 48 in Q1, according to a new report by M&A advisory firm Mertz Taggart. The 31 deals included 26 mergers and acquisitions and five […]
Mertz Taggart
This is an exclusive BHB+ story Behavioral health mergers and acquisitions are seeing a healthy start to 2025, largely led by deals in the autism sector. Amid steady 2025 dealmaking, some experts say M&A has been relatively quieter than usual, while others say the perceived “quietness” is misconstrued with smaller transaction norms. “There’s plenty of […]
This is an exclusive BHB+ story Dealmaking in the addiction treatment space remains in a sustained lull, suggesting a deeper recalibration on the part of investors and operators in the space. The addiction treatment segment is the prime and early example of investment in the behavioral health industry. But the overall appetite for dealmaking and […]
This is an exclusive BHB+ story Will dealmaking pick up in 2025? I posit: yes! We’re off to a good start in 2025. Behavioral Health Business’ tracking of the industry has logged about 50 deal announcements — including M&A and investments — that are behavioral health-focused or industry-adjacent. Granted, some of these announcements are far […]
Finding a buyer for your behavioral health company is similar to marriage, except there’s more commitment. “It’s not like marriage, because in marriage, you can get divorced, and in this, I think, it might be a little messy,” said Sam Himelstein, the co-founder and CEO of Family Spring, a mental health treatment company based in […]
Behavioral health has had a series of small but laudable wins in the last few weeks. The Biden administration finalized new parity rules. Drug overdose deaths are on the decline. The Federal Reserve cut interest rates. And Fed observers are predicting additional rate cuts, too. Be still my nerdy behavioral health industry-observer heart: That’s quite […]
The behavioral health industry appears to have found a new, historically elevated floor for deal flow in the year’s first quarter. Since the beginning of 2023, quarterly deal totals tracked by the M&A firm Mertz Taggart have been at about 40 transactions. The first quarter of 2024 brought much of the same, with a few […]
Optum owned Refresh Mental Health’s acquisition of outpatient mental health provider CARE Counseling was a bright spot in a slow dealmaking environment. Still, the transaction may provide insights into the near future of outpatient mental health M&A. The tie-up illustrates that interest in outpatient mental health dealmaking is still strong. It also shows that Refresh […]
While behavioral health dealmaking remained slow in the last quarter of 2023, seed and venture deals became a more active part of the space. That’s according to Mertz Taggert’s Q4 2023 dealmaking report, which recorded 31 transactions in the fourth quarter of 2023–the least since 2020. Overall, there were 136 behavioral health deals in 2023, […]
After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]


