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, […]
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 […]
Distressed assets in behavioral health are more likely to come to market in 2024, according to several dealmaking professionals. This is bad news for buyers who acquired assets at the top of the market three to five years ago. Multiples are down from atmospheric highs, leaving it unlikely that investors will make exits at their […]
Fears for a sluggish 2023 may have been overblown. “Aggressive” deals are still being made, though they may be smaller than in years past. That’s according to industry insiders at Behavioral Health Business’ 2023 INVEST conference. Lenders and issues with access to capital drove lower transaction volumes in 2023, Kevin Taggart, managing partner at Mertz […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy was bad news for investors placing big bets in the autism therapy space. But there are upsides for the company. CARD’s new owners, Doreen Granpeeseh and Sangam Pant get a clean slate at the scaled autism therapy company. And it’s a company with which they are […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy doesn’t foreshadow a new level of doom and gloom for the industry as a whole. Although CARD is one of the largest companies operating in the space, it shouldn’t be used as a bellwether for autism therapy’s future outlook, several insiders told Behavioral Health Business. “I’d […]
Private equity-backed Harmony Health Group has acquired three facilities that were formerly part of Delphi Behavioral Health Group’s network. Charlotte, North Carolina-based Harmony Health Group operates 13 treatment centers throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Services at those facilities include treatment for mental health and substance-use disorders (SUDs), as well as dual-diagnosis […]
Behavioral health deals in Q1 dropped to the lowest level since 2020. That’s according to a new report by M&A advisory firm Mertz Taggart, which recorded a total of 27 deals in the first quarter of the year. In comparison, the quarterly deal average for 2022 was just over 44 deals. The Mertz Taggart report […]
Increased venture capital activity in the mental health space helped drive deal volume growth in the behavioral health space in 2022, according to the latest report from the health care M&A firm Mertz Taggart. The firm tracked 177 deals, about 9% more than 2021’s blockbuster year. 2021 saw a year-over-year increase of 46% to 162 […]
The current financial climate may mean fewer mega deals in behavioral health next year. But investors will likely continue to have a healthy appetite for smaller transactions, industry insiders believe. “I think that buyers will get more selective, but I think the demand is still [there],” Kevin Taggart, managing partner at Mertz Taggart, said during […]
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