Behavioral health care is a big but fragmented business in the United States. In 2015, it got bigger, but less fragmented. M&A volume is up 25% in 2015, with 30 publicly announced transactions, higher than any year since 2000 (33 deals). Spending on this year’s deals is currently $1.1 billion (not a record).
The latest deal is typical of the sector. NcgCare, the recently created parent company of Richmond, Virginia-based National Counseling Group, acquired Turning Point Family CARE, PLLC, which has two offices in Durham and Raleigh, North Carolina. No financial terms were disclosed, but the company’s CEO, Frank Viera, told the Richmond BizSense that his company is looking to expand to Atlanta and West Viriginia. It recently signed a management contract for Community Alliances, in Pennsylvania, too.
