On July 17, it was announced that Centerstone and Brightli were merging into a company that is valued at a combined annual revenue of $1 billion.
Brightli is a behavioral health care company. Brightli’s subsidiaries include Burrell Behavioral Health (and subsidiary Comprehensive Mental Health Services), Preferred Family Healthcare, Southeast Missouri Behavioral Health, Firefly Supported Living & Employment Services, Adult & Child Health and Brightli Foundation. According to its 2024 financial report, Brightli generates $550 million in revenue annually.
Centerstone is one of the nation’s largest behavioral healthcare providers. It offers a range of treatment, support and programs to individuals who have mental health and addiction disorders, as well as adults with intellectual and developmental disabilities.
Once fully combined, the company will scale operations to nine states with a combined workforce of approximately 10,300 employees across 360 locations. The deal does not include Centerstone’s international network of 1,500 providers outside of the United States.
According to the original press release, the expanded scale post-merger will also put the combined company in a strong position to negotiate with payers and approach them to ask what they need for their health plan recipients.
According to data captured in the LevinPro HC database, this transaction represents the 67th Behavioral Health Care (BHC) acquisition of 2025, and the 31st in the counseling & psychiatric care specialty. Counseling & psychiatric care is the most active BHC specialty of the year; the two second most active specialties are substance use disorder treatment and autism spectrum disorder treatment provider with nine deals each.
