‘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 […]

ARC Health Closes 2023 With 18th Merger

ARC Health closed out 2023 with an outpatient mental health acquisition, marking a two-year-long M&A blitz. On Dec. 29, the Independence, Ohio-based company acquired Exult Healthcare for an undisclosed amount. Exult operates several types of care at its two locations north of Dallas-Fort Worth, Texas. These include on-site medical treatment, medication-assisted treatment (MAT), transcranial magnetic […]

ARC Health Expands to California with 4th Acquisition of 2023

Beachwood, Ohio-based ARC Health announced Monday its acquisition of Positive Change Counseling Center, marking its first practice in California. The deal is the company’s fourth announced in 2023. ARC Health is a fast-growing outpatient mental health platform company backed by Chicago-based private equity firm the Thurston Group. Terms of the deal were not disclosed. “Practice […]

ARC Health Continues M&A Blitz With Wellington Counseling Group Acquisition

Private equity-backed ARC Health has acquired Chicago-based Wellington Counseling Group. ARC Health announced the deal Monday, adding two multi-specialty psychotherapy locations and a to-be-opened location to the burgeoning company’s footprint. “The choice to partner with ARC Health came down to their ability to bring scale to a profession and industry with increasingly tighter margins, year […]

Thurston Group-Backed ARC Health Doubles Down on M&A Strategy

ARC Health and Thurston Group put partnership and growth at the center of their strategy to expand a fast-growing outpatient mental health platform company. The throughlines of partnership and growth have enabled the company to grow from one practice in Cleveland, Ohio, to 16 practices and 25 locations by the end of 2022. In August […]

The Deals that Defined Behavioral Health Investment in 2022

Dealmaking has made behavioral health one of the most interesting segments of the health care sector. And 2022 was no exception even after a historic 2021. Behavioral Health Business has identified a handful of deals that caught our eye as we look back at the year that was 2022. Not all of them are big-dollar […]

7 Behavioral Health-Focused Private Equity Firms to Watch in 2023

The need for behavioral health services is at an all-time high – and private equity investors have taken note. In the first three quarters of 2022, private equity deals made up more than 60% of behavioral health transactions, according to data from The Braff Group. Many investors see the fragmented behavioral health industry as a […]

Thurston-Backed ARC Health Continues Its Acquisition Flurry

Private equity-backed outpatient mental health provider ARC Health has made yet another acquisition. This time, it has picked up mental health therapy practice Lotus Consulting. The terms of the deal were not disclosed. Ann Arbor, Michigan-based Lotus Counseling offers mindfulness-based wellness services, as well as mental health services and behavioral health assessments. As part of […]

ARC Health Expands to DC and Minnesota Through Two Acquisitions

Behavioral health provider ARC Health has acquired outpatient mental health providers Relationship Therapy Center and The Ross Center. These new acquisitions will help ARC Health expand into the Mid-Atlantic region and suburban Minneapolis. This brings ARC Health’s deal total to four since its formation as a platform company. ARC Health is an Ohio-based outpatient mental […]

PE Firm Thurston Group Makes Second Mental Health Deal Since Forming ARC Health

Outpatient mental health provider ARC Health announced Tuesday its acquisition of youth and family mental health service provider Sasco River Center LLC. Beachwood, Ohio-based ARC Health’s takeover of the Darien, Connecticut-based Sasco River Center is its second deal announced in the last three weeks, marking rapid early growth of the company. On Aug. 17, ARC […]