From industry updates to acquisitions and mergers, here are developments that affected the behavioral health industry in 2022, according to a report by healthcare strategy and transaction advisory firm VGM Health.
Here are the recent transactions that most significantly affected the market, according to the "Annual Healthcare M&A Report 2022," published Aug. 10 by the firm:
- Private equity buyers made up more than two-thirds of the translation volume in early 2022.
- Patient Square Capital acquired Summit BHC for approximately $1.3 billion
- Real estate investment trust Medical Properties Trust bought inpatient behavioral health hospitals for $950 million from national mental health facility network Springstone.
- Acadia Healthcare and Kalamazoo, Mich.-based Bronson Healthcare partnered for a 96-bed facility in Battle, Mich.
- Southfield, Mich.-based Beaumont Health and UHS partnered to build a 44-bed mental healthcare facility in Dearborn, Mich.
- Mercy Health and UHS partnered to build a 96-bed inpatient psychiatric hospital in Byron Center, Mich.
- Acadia Healthcare partnered with Danville, Pa.-based Geisinger to build two 96-bed facilities in Pennsylvania.
- Acadia Healthcare and Nashville, Tenn.-based Ascension Saint Thomas joined to build a 76-bed behavioral health facility in Nashville.
- Kindred partnered with Springfield, Mass.-based Baystate Health to develop a 120-bed behavioral health hospital in Massachusetts.
- Scottsdale, Ariz.-based HonorHealth and UnitedHealth Services partnered to build a 120-bed behavioral health facility in Phoenix.
The report predicts that behavioral healthcare will continue to grow as a leader in telehealth, and the negative effect of the pandemic on the economy and mental health will contribute to continued market growth.