Behavioral Health Deal Volume Up 53% in Early 2025

Autism services-related deals surged 100% from the end of 2024 to the first quarter of 2025, reaching their highest volume since Q4 2020. Overall, behavioral health deal volume picked up in Q1 of 2025 after a two-year lull, according to new data from M&A advisory firm The Braff Group. The first quarter of the year […]

‘Highly Unpredictable’: Medicaid Uncertainty Creates Behavioral Health Deal Volatility

The financial market thrives on stability. However, the Trump administration’s hazy approach to Medicaid and tariffs could deny that predictability and potentially stall behavioral health dealmaking. In 2024, the behavioral health deals outperformed the number of overall health care deals, according to Steve Garbon, managing director at Braff Group. Analysts have predicted that conditions are […]

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 […]

Why 2025 Could Be a Blockbuster Year for Behavioral Health Dealmaking

The behavioral health dealmaking outlook has been sluggish for the past two years. But that could all change in 2025, as private equity investors look to hop back into the game driven by lowering interest rates and limited partners ready to cash in on their investments. “2025 is going to be the best year that […]

Why Luxury Rehab Is an Unpopular Investment 

Adam Nesenoff is convinced that luxury rehabilitation centers, the amenity-filled facilities to treat addiction, are a terrific investment. The problem is convincing others. “Banks are struggling to find what we rely upon,” said Nesenoff, who, with his father, David Nesenoff, founded Behavioral Health Acquisitions in 2023 as a vehicle to put money into luxury rehab […]

SUD Treatment Providers Adapting to Market Pressures Through Payer Relations, Service Integration

The substance use disorder (SUD) treatment industry was formerly dotted by small, local providers. In the future, these mom-and-pop providers may go the way of cottage businesses during the Industrial Revolution. To be clear, SUD treatment has not yet been completely limited to assembly lines. Small providers still abound. At the recent Behavioral Health Business […]

Behind the Glamour: Why Luxury Rehab Centers Have Lost Their Appeal

Tikvah Lake Recovery changed for the better when it “got rid of the 20 year olds on their phones,” according to Adam Nesenoff. Nesenoff has co-owed Tikvah Lake with his father, David Nesenoff, since 2016. It is a residential addiction treatment center in Sebring, Florida. More specifically, it is a self-described luxury rehabilitation center, charging […]

Fed Rate Cut Could Accelerate Behavioral Health Dealmaking

The Federal Reserve recently announced a long-hoped-for rate cut, potentially enabling easier behavioral health dealmaking. Dealmaking in behavioral health has diminished in recent years after cresting in 2021. The same year, the inflation rate took off. The following year, the Federal Reserve, the American central bank, raised interest rates at the fastest clip in recent […]

Beyond Business Lines: How Marketing Mix Impacts Behavioral Health Exits

Diversity across service lines and payer contracts is often beneficial to both behavioral health patients and businesses. Varying marketing channels can offer both similar and distinct benefits, according to industry insiders. “Just like you would diversify your payer mix to mitigate your risk portfolio, you need to diversify your marketing mix,” Glenn Hadley, senior director […]