Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year. Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers […]
Summit BHC
Approximately a month after news surfaced that Summit BHC was up for sale, a deal to buy the substance use disorder (SUD) treatment provider has been reached. Patient Square Capital, a Menlo Park, California-based health care investment firm, has agreed to buy Summit from FFL Partners and Lee Equity Partners. Terms of the deal, which […]
The behavioral health and substance use disorder (SUD) treatment provider Summit BHC is reportedly up for auction. The private equity firms Lee Equity Partners and FFL Partners — which own controlling stakes in the Franklin, Tennessee-based company — are currently searching for a buyer, sources told PE Hub in a story published Thursday. Global investment […]
Broadstep purchases youth-focused behavioral operator Raleigh, North Carolina-based Broadstep Behavioral Health — a provider of community and residential services to individuals with intellectual and developmental disabilities (IDD), as well as behavioral health conditions — has announced its acquisition of the South Carolina-based residential treatment provider Excalibur Youth Services. Terms of the deal were not disclosed. […]
Despite the pandemic-led economic downturn of 2020, there was still plenty of M&A activity in the behavioral health care market to end the year, and signs are pointing to a robust 2021. The market saw 27 deals in Q4, according to the latest quarterly report from health care M&A firm Mertz Taggart. The flurry of […]
Discovery Behavioral Health acquires Prosperity Wellness Center Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]
Sierra by the Sea, Sunrise Recovery Ranch name new CEO Sierra by the Sea and Sunrise Recovery Ranch — both of which are part of the Acadia Healthcare (Nasdaq: ACHC) Sierra Tucson Group — have named a new CEO. Michelle Beaudoin stepped into the role in late August. She comes to the position from the […]
Spero Health expands in Ohio Spero Health has opened two new outpatient substance use disorder (SUD) treatment clinics in Ohio. The new clinics in Lima and Marion further bolster the provider’s network of more than 40 Spero Health locations across Kentucky, Ohio, Tennessee, Indiana and Virginia. Headquartered in Nashville, Spero Health is privately held by […]
PE-backed Stepping Stones Group builds out autism offerings The Stepping Stones Group — a portfolio company of Five Arrows Capital Partners, the North American corporate PE arm of Rothschild & Co. Merchant Banking — has acquired STAR of CA to build out its autism offerings. Financial terms of the deal were not released. Lafayette, Colorado-based […]