Private equity deals in behavioral health declined in 2023 but could pick up in 2024 as investors turn their attention to the space.
Investment & Transactions
California private equity firm HCAP Partners has acquired three behavioral health organizations to merge under PAX Health.
The global behavioral health market is expected to hit $107.3 billion over the next eight years, according to market analysis published March 7 by Allied Market Research.
Acadia Healthcare posted $57.7 million in net income in the fourth quarter of 2023, according to its earnings report published Feb. 27.
Acadia Healthcare has closed the acquisition of Turning Point Centers, a substance use and mental health treatment provider in Salt Lake City.
Advertisement
Atlanta-based outpatient mental health platform Hightop Health has acquired Austin-based Roots Behavioral Health.
Commissioners in Clark County in Nevada have approved the purchase of a 17,000-square-foot medical office and behavioral health facility, the Las Vegas Review-Journal reported Feb. 20.
Baton Rouge, La.-based Beacon Behavioral Health Partners has added nine new behavioral clinics to its practice.
Three Michigan hospitals will get $50 million from the DeVos family foundation for behavioral health and other care for children, MLive reported Feb. 19.
Overall healthcare-focused private equity activity saw a 16.2% year-over-year decrease in 2023, according to PitchBook's "Healthcare Services Report" published Feb. 8.