Behavioral Health Dealmaking Dips to Pre-Pandemic Levels

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 […]

Why Some Behavioral Health M&A Is Flying Under the Radar in 2025

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 […]

Addiction Treatment’s Dealmaking Doldrums

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 […]

2025 Started with a Behavioral Health Dealmaking Pop. Will It Continue?

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 […]

‘In Marriage, You Can Get Divorced’: The Hidden Complexities of Selling a Behavioral Health Business

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 […]

Fed Rate Cuts Contribute to Increasingly Sunny Outlook for Behavioral Health

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 […]

Venture Capital Accounts for $350M in Behavioral Health Dealmaking in Q1

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 […]

‘There’s No Question’ Buyers Want In On the Outpatient Mental Health Space Post-CARE Counseling-Optum Deal

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 […]

Behavioral Health Dealmaking to See More Venture Capital Investment in 2024

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, […]

Top Behavioral Health Trends for 2024

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 […]