Hightop Health Purchases Roots Behavioral Health

Hightop Health Purchases Roots Behavioral Health

by | Feb 22, 2024 2:57 pm | Behavioral Health Care, Private Equity | 0 comments

Hightop Health announced on February 22 the acquisition of Roots Behavioral Health (RBH) in Austin, Texas. Founded in 2016, RBH is a family-owned behavioral health clinic. RBH offers various evidence-based treatment modalities under one roof including ketamine therapy, psychotherapy and medication management. Backed by private equity firms JLL Partners and SV Health Investors, Hightop Health offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. Brentwood Capital Advisors acted as the exclusive financial advisor to RBH and Polsinelli PC served as Hightop Health’s legal counsel for this transaction. Financial terms of the deal were not... Read More »
Feeling Distressed? You’re Not Alone

Feeling Distressed? You’re Not Alone

by | Feb 7, 2020 3:18 pm | Hospitals, Long-Term Care | 0 comments

For the past two years, the volume of healthcare deals has soared to new heights. Much of the growth has been powered by financial buyers, private equity firms in particular, piling into the healthcare services sectors. In 2018, a new record for annual deal volume was hit, now standing at 1,917. The services sectors accounted for 65% (1,242 deals), slightly higher than the typical 60% to 62%. Last year’s total deal tally now stands at 1,824 transactions, the second highest total ever recorded, and 70% of that comes from healthcare services deals. Why, then, have Chapter 11 bankruptcy filings among the services sectors spiked along with that activity? Since the second quarter of 2017, the... Read More »

2020 Outlook and Opportunities

by | Dec 9, 2019 12:24 pm | Healthcare Market Updates | 0 comments

Here’s a prediction: Healthcare M&A will remain strong in 2020, at least until the November presidential election. Unless a recession hits before then. All of the analysts, lawyers and investment bankers we’ve spoken to in recent months agree on that scenario. Everyone is seeing robust deal flow and/or pipelines but knows the uncertainties that are sure to play out through the Democratic presidential primaries and into the general election could adversely affect this market. Their predictions are based on what has become status quo in the financial world. Low inflation, low cost of capital and a lot of money sitting in private funds on the sidelines, just waiting to get into the game.... Read More »