Beacon Behavioral Partners announced it will expand further into the Southeastern U.S. by acquiring nine new partner clinics. Latticework Capital-backed Beacon Behavioral Partners is a network of psychiatric practices. It has locations in Louisiana, Arkansas, Mississippi and Texas. Beacon’s partnership model offers physicians equity ownership in the company and clinical autonomy. The network offers to […]
Category: M&A
After a year of reckoning, the behavioral health industry is set up to see platform deals return to the market. In 2023, behavioral health dealmaking was down by roughly 30% year-over-year. This slowdown was partly due to macroeconomic trends, including inflation, high interest rates and the conflicts in Eastern Europe and the Middle East. The […]
Behavioral health operator Turnbridge is in talks to sell, touting about $15 million of EBITDA. Turnbridge, which provides mental health and substance use disorder (SUD) care, is pursuing a sale of the company, according to Axios. Investment banking firm Raymond James was hired to lead the sale, sources say. New Haven, Connecticut-based Turnbridge offers gender-specific […]
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, […]
Behavioral health operators The Nord Center and The LCADA Way will merge, effective July 1, 2024. The Lorain, Ohio-based nonprofits will form a $45 million organization that employs about 425 people and operates about a dozen locations, according to a news release. The move attempts to create a “no wrong door approach to behavioral health […]
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 […]
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 […]
Behavioral health companies Integrative Life Network LLC and Integrative Health Centers Inc. have merged, rebranding as Peregrine Health. The fusion of the two Nashville, Tennessee-based behavioral health companies creates a company with direct-to-consumer and business-to-business service lines. Each was founded and led by Ryan Chapman, who will lead the combined company as CEO, according to […]
Despite the sky-high interest rates, this could be the prime time for behavioral health acquisitions. The demand for services remains high and the elevated interest rates mean that valuations are coming back down to earth. While de novo growth strategies have dominated the behavioral health domain in 2023, some investors see this moment as an […]
Thurston Group-backed behavioral health provider ARC Health has acquired Manhattan Psychology Group. Based in New York, Manhattan Psychology Group offers mental health care for children and adults. Its services include group programs for kids and parents, school support, and applied behavioral analysis (ABA), neuropsych testing, and autism evaluations. Founded in 2011 by psychologists Josh Rosenthal […]
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