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."
Investment & Transactions
Franklin, Tenn.-based Acadia Healthcare and St. Louis-based Ascension are planning a joint venture to expand behavioral health capacity in Texas.
The U.S. virtual mental health services market is forecasted to hit $2.88 billion by 2028.
Beachwood, Ohio-based ARC Health acquired 12 psychiatry and counseling practices in 2023.
California will fund 262 organizations providing mental health services to children, youth and young adults.
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Dayton (Ohio) Children's is planning a $12 million behavioral health campus in Miamisburg, Ohio.
Franklin, Tenn.-based Summit Behavioral Healthcare is investing $4.5 million to expand its headquarters.
Chicago-based CommonSpirit Health is planning to add behavioral healthcare to four new sites in 2024.
Deal-making in the mental health and substance use disorder market is declining, according to a report from Provident Healthcare Partners.
Headway, a digital health startup that works to connect patients with therapists, raised $125 million in series C financing.