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M&A Demand for Substance Abuse Providers Surge
According to the Centers for Disease Control and Prevention, as of June 2020, 13% of Americans reported starting or increasing substance use as a way of coping with stress or emotions related to COVID-19. This uptick in substance abuse appears to be driving the Behavioral Health Care (BHC) deal market with a notable increase in deals targeting substance abuse treatment centers and providers. In the last two months, 77.7% of our BHC deals have involved the purchase of addiction treatment centers — but during the same time period (June through mid-July) in 2020 and 2019, about 56% of the BHC deals included this specific target type. Most recently, BRC Healthcare, a portfolio company of... Read More »
Medical Properties Trust Grabs 18 Behavioral Health Hospitals
The pubicly traded REIT Medical Properties Trust, Inc. (NYSE: MPW) is significantly expanding its property portfolio. Medical Properties Trust is buying 18 behavioral health hospitals from Welsh, Carson, Anderson & Stowe for $760 million and an interest in the operations of Springstone, LLC, a leading provider of behavioral health services in the United States for $190 million. Springstone provides a full continuum of behavioral care including inpatient, partial hospitalization, and intensive outpatient programs and has targeted diversified geographies with positive demographic trends and a commercial-heavy payor mix. The hospitals, along with additional facilities... Read More »
National Health Investors Grabs Brookhaven Hospital
The healthcare REIT National Health Investors, Inc. (NYSE: NHI) is adding a behavioral health hospital to its portfolio. NHI is buying Brookhaven Hospital, a 64-bed specialty behavioral health hospital in Tulsa, Oklahoma, that specializes in treating patients that have suffered a traumatic brain injury. The deal is valued at $42.3 million; $40.3 million for the facility and $2 million committed for capital improvements over the next two years. The hospital is leased to Vizion Health, a growing operator of behavioral health hospitals led by an executive management team with extensive experience in the industry. The lease has a 15-year maturity with two five-year renewal options and an... Read More »
Community Psychiatry Management Expands Its Network
The San Francisco-based behavioral healthcare company Community Psychiatry Management, LLC is expanding its footprint. The company last week announced the acquisition of MindPath Care Centers, which provides medication management and individual therapy both in-office and via telehealth, addiction recovery services, group therapy sessions and transcranial magnetic stimulation therapy at more than 25 locations in the Carolinas. The merger of the two companies expands the reach of each organization, more than doubling the number of mental health care provider locations to 70 offices and bringing the combined number of clinicians to more than 325. Community Psychiatry Management is backed... Read More »
KNR Therapy Grows Florida Footprint
Activity in the Behavioral Health Care sector surged in the first quarter of 2021, rising 76% in deal volume compared with the fourth quarter of 2020 and 85% compared with activity in Q1:20, according to search results in our Healthcare Deals Database. Much of that demand came from the unfortunate mental health stress caused by the Covid-19 pandemic, and even with a “return-to-normal life” on the horizon, that demand doesn’t seem to be subsiding. However, it’s not just counseling and clinical services; other specialties such as autism treatment services are highly sought after. Even with all that activity, there is still room for new players to enter the M&A market, looking... Read More »Schedule a demo
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