Behavioral Health

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Q1-2017 Behavioral Health Update– The behavioral health sector continues to be one of the most attractive spaces within healthcare for investment and consolidation. Significant reimbursement tailwinds have created a highly active mergers and acquisitions marketplace, both in terms of volume and valuations.

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Q4-2016 Behavioral Health Update– In the fourth quarter of 2016, consolidation activity in the behavioral healthcare sector remained robust as both financial sponsors and private equity backed strategics were actively acquiring treatment providers to diversify their platforms’ service offerings and expand into new geographies.

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Q3-2016 Behavioral Health Update– The behavioral health sector continued its rapid consolidation pace from previous quarters, as buyers have been offering premium valuations. Of particular note was Acadia Healthcare’s acquisition of Highland Hospital Association’s 80 bed psychiatric facility and 16 bed residential treatment center.

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Q2-2016 Behavioral Health Update– Over two dozen behavioral health deals were announced or completed in the second quarter of 2016, making it one of the busiest periods in terms of acquisitions in recent memory. Notably, most deals were relatively small compared to prior quarters, however Kohlberg and Company’s acquisition of The Meadows of Wickenburg and its subsequent formation of a new holding company in Alita Care certainly stands out.

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Featured Publication– Healthcare transactions announced in January show a few hot trends—growth in behavioral health deals, movement in the post-acute care space and acquisitions of health insurance companies by providers, according to professionals who counsel health-care industry players on mergers and acquisitions.


Provident Perspectives– The behavioral health sector has experienced unprecedented growth over the past ten years. In this Provident Perspective, we cover two subsectors that have been the source of a great deal of investor interest, and that we believe will continue to be the focus of both strategic and financial sponsors over the coming years.


Featured Publication – Director Greg Wappett was featured in a recent article on the Behavioral Healthcare sector that was written by Mergermarket, the leading provider of forward-looking M&A intelligence and data to M&A professionals and corporations.


Conference: Attending – National Council for Behavioral Health NATCON Conference, April 20-22, 2015, Orlando, Florida.

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”