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Q3 2023 Mental Health Update

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Q3 2023 Mental Health Update

The third quarter saw a continued decline in behavioral health deal-making, primarily due to more targeted M&A as well as a challenging lending environment.

Most transaction activity was characterized by digitally-native behavioral health and telehealth focused investments. These models rely heavily on recurring patient flow, low-cost customer acquisition, and subscription-based models to build broad patient bases. The school-based setting also continues to attract investment dollars, as evidenced by FullBloom and New Story’s partnerships with mental health providers.

Overall, Provident expects deal flow to rebound significantly in Q4 and into 2024 as debt markets stabilize.

To print and download the full Mental Health Update report, please click below…

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