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After slow 2023, behavioral health M&A could pick up in 2024
Mergers and acquisitions in the behavioral health field are expected to increase in 2024 after just 31 deals were completed in the final quarter of 2023, according to Mertz Taggart's "Q4 2023 Behavioral Health M&A Report." -
Ascension, Acadia plan joint venture to expand behavioral services
Franklin, Tenn.-based Acadia Healthcare and St. Louis-based Ascension are planning a joint venture to expand behavioral health capacity in Texas. -
US virtual mental health services market to reach $2.9B by 2028
The U.S. virtual mental health services market is forecasted to hit $2.88 billion by 2028. -
Private-equity-backed ARC Health acquired 12 practices in 2023
Beachwood, Ohio-based ARC Health acquired 12 psychiatry and counseling practices in 2023. -
California puts $150M behind youth mental health
California will fund 262 organizations providing mental health services to children, youth and young adults. -
Dayton Children's plans $12M behavioral health campus
Dayton (Ohio) Children's is planning a $12 million behavioral health campus in Miamisburg, Ohio. -
Summit Behavioral Health to expand headquarters, add jobs
Franklin, Tenn.-based Summit Behavioral Healthcare is investing $4.5 million to expand its headquarters. -
CommonSpirit to add 4 new behavioral sites
Chicago-based CommonSpirit Health is planning to add behavioral healthcare to four new sites in 2024. -
Behavioral health mergers and acquisitions slow
Deal-making in the mental health and substance use disorder market is declining, according to a report from Provident Healthcare Partners. -
Mental health startup raises $125M
Headway, a digital health startup that works to connect patients with therapists, raised $125 million in series C financing. -
Care New England psychiatric hospital constructing short-stay unit
Providence, R.I.-based Care New England has started construction of a 25-bed short-stay unit at Butler Hospital. -
Hackensack Meridian opens 81-bed behavioral clinic at New Jersey hospital
Hackensack Meridian Health has expanded and begun operating an 81-bed behavioral health unit at Raritan Bay Medical Center in Perth Amboy, N.J. -
Acadia Healthcare reports $71.2M income in Q2
Franklin, Tenn.-based Acadia Healthcare reported net income of $71.2 million in the second quarter of 2023. -
NeuroFlow acquires Behavioral Health Lab parent company
Behavioral health care startup NeuroFlow has acquired Capital Solution Design, parent company of Behavioral Health Lab and BHL Touch, a technology infrastructure provider for the Department of Veterans Affairs. -
Texas behavioral health network receives $750K grant
The Heart of Texas Behavioral Health Network, based in Waco, Texas, received a $750,000 two-year grant from the Episcopal Health Foundation, a nonprofit organization based in Houston, according to a June 26 report from the Waco Tribune-Herald. -
Cigna leads $52M investment round for tech-focused behavioral health company
The investment arm of health insurance company Cigna co-led a $52 million series C funding round for Octave, a behavioral health company offering both in-person and virtual care. -
UPMC hospital snags grant to expand telehealth services
Health plan Univera Healthcare awarded a grant to Jamestown, N.Y.-based UPMC Chautauqua to expand its behavioral telehealth services, The Post-Journal reported May 30. -
Five recent behavioral health closures
Rising costs and ongoing staff shortages have led many behavioral health facilities and units to close up shop, creating or exacerbating care deserts. -
Washington county to put $8M into behavioral health infrastructure
Snohomish County in Washington is investing $8 million into five projects to expand substance use and mental health treatment capacity, the Lynnwood Times reported May 22. -
$543M+ worth of mental health investments in 1 week
Here are six investments into mental healthcare reported by Becker's since May 15:
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