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.

Merger and Acquisition Transactions

Nautic Partners acquired Proud Moments ABA

Nautic Partners acquired Proud Moments ABA   February 10, 2025 08:00 AM Eastern Standard Time   BOSTON & SAN FRANCISCO–(BUSINESS WIRE)–Audax Private Equity (“Audax”), a capital partner for middle market…
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Fletch Equity Completes Autism Therapy Acquisition

Fletch Equity is pleased to announce the acquisition of Los Angeles-based ABA therapy provider Quality Behavior Solutions (“QBS”) by ASI Health Holdings, a leading Southern California autism services platform. This…
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Paragon Insight: Prepare & Execute For M&A Success

A Common Theme for Our Times:  Increasing Importance of M&A Preparation The M&A markets for exit, merger or recapitalization can be very challenging. The widely known but unspoken reality is that…
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NewSpring Invests in Autism Spectrum Interventions

NewSpring, a family of private equity strategies, announced today that NewSpring Mezzanine, the Firm’s dedicated private credit strategy, has invested senior subordinated debt and equity to fund the acquisition of…
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Praesum Healthcare Services Completed Acquisition of Beacon Point Recovery Center

Praesum Healthcare Announces Acquisition of Beacon Point Recovery Network Praesum Adds Managed Behavioral Health Services to Address Under-served Communities in Philadelphia PHILADELPHIA, Sept. 28, 2023 /PRNewswire-PRWeb/ — Praesum Healthcare Services, LLC (Praesum) of Lake…
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Exploring Strategic M&A Within Integrated Healthcare

Exploring and Executing Strategic M&A Within The Growing Focus on Integrated Healthcare Integration of Healthcare Bringing Diverse Sectors Together with Value Based Care In the USA, a not so quiet…
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Comvest Partners Announces Acquisition of Your Behavioral Health

West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, announced the acquisition of Your Behavioral Health (the “Company”), a behavioral health services platform based…
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Positive Change Counseling Center Joins ARC Health

BEACHWOOD, Ohio, May 5, 2023 /PRNewswire/ — ARC Health, a Thurston Group portfolio company has announced the acquisition of Positive Change Counseling Center (PCCC), a leading mental health practice in…
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Health Connect America Acquires First Home Care, North Star

FRANKLIN, Tenn., Feb. 22, 2023 /PRNewswire/ — Health Connect America, Inc. (“Health Connect America” or the “Company”), a mission-driven behavioral health services platform, announced that it has completed the acquisitions…
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Petra Completes New Investment in Turnwell Mental Health

Petra is pleased to announce our investment in Turnwell Mental Health Network, a clinician-led, integrated mental health group specializing in local and affordable care. Alongside Leon Healthcare Partners and Patriot…
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