
Behavioral Health

Behavioral health is a vast field, meaning forms of treatment or behavioral health care can look different for each patient depending on what they need help with. It’s common for the term “behavioral health” and “mental health” to be used interchangeably despite their distinct differences. When thinking about behavioral health in terms of insurance, it can be challenging to understand what is covered.
Behavioral health services focus on daily habits, behaviors, and actions that can be impacting a patient’s mental and/or physical health. For example, when examining the behavioral health needs of a patient, a behavioral health provider may look at the patient’s daily exercise or eating habits to see how they are linked to their levels of anxiety or depression. Many in the medical field view behavioral healthcare as more holistic, calling it “better care and health for the whole person.”
The Behavioral Health Sector includes distinct sub-sectors, each with their own characteristics, challenges and opportunities.
- Addiction Treatment
- Autism Services & Intellectual/Developmental Disabilities
- Mental Health
Demand for mental health services, much like the addiction treatment sector, continues as social isolation and anxiety resulting from the COVID-19 pandemic have exacerbated mental health conditions for many individuals.
M&A Transaction Activity
Below are M&A transaction activities which has been compiled from our work with businesses within this sector and our independent research in publicly available information. For additional information, please contact us here.


Centene’s Magellan Health to be acquired by Madison Health Group

Eagles Wing Acquired by Redwood Family Care

Carlyle Acquires Tarrytown Expocare Pharmacy from Sheridan Capital Partners

FFL Partners Completes Investment in Janus RX, a Leading Behavioral Pharmacy

Paragon InSight: Prepare and Execute Series – Managing Owner Dependency

CareSource Invests in Ohio-based Radley Health

PV Insight: Old AR is Like an Open Wound

SUN Behavioral Health Acquires Seaside’s Community Agencies, Expanding Access to Community-Based Mental Health Services Across the Southeast

Nystrom & Associates Strikes Deal to Acquire 25 of Ellie Mental Health’s Clinics

National Autism Therapy Provider Behavior Frontiers Sells to NexPhase Capital

Transaction Readiness: Preparing For an M&A Event

Clearview Partners with Advantage Behavioral Health

Neurodivergent Affirming Therapy Provider Prosper Health Lands $16M for Telehealth Platform

ABA-Focused Multi-Site Provider Unison Therapy Services Sells to New PE Firm

2 PE Firms, Private College Invest in Multi-Specialty Developmental Care Provider Pediatrics Plus

Already Autism Health Lands PE Investment, Buys Commonwealth ABA

Greater Baltimore Counseling Centers sold to Graham Family Office

Current Trends in Healthcare M&A: What Business Owners Need to Know


