
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.


KKR Closes Acquisition of Therapy Brands

Sanare Today Acquires Pace Addiction Program in Delaware

BrightView Partners with Aspire Addiction Treatment in Chesapeake

Talkspace Merges with Hudson Executive Investment Corp.

Broadstep Acquires Bethesda Residential and Support Programs

Community Psychiatry Management Acquired MindPath Care Centers

Walmart Health Acquires MeMD multi-specialty telehealth provider

Acadia Healthcare Acquires Adventist Health’s Vallejo

Centra Capital Acquires CM Counsel Behavioral Health Practice

Broadstep Behavioral Health has acquired Excalibur Youth Services

Kelso to buy Lindsay Goldberg’s Refresh Mental Health

Providence Treatment Acquires Main Line Recovery

Evolution Research Group Acquires Richmond Behavioral Associates

Discovery Behavioral Health Acquires New Life Addiction

Kadiant Partners Behavioral Education for Children with Autism

Maryland Addiction & Caron Treatment Center Acquires Encore

Golden Gate Acquires Invo Holdings Autism & Behavioral Health

Lighthouse Autism Center receives Abry Partners Investment

DW Healthcare Partners invests in Psychcare/360 Behavioral Health

