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Provident Healthcare Partners Provident Healthcare Partners

Q2 2025 Behavioral Health Update

Provident Healthcare Partners
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Q2 2025 Behavioral Health Update

Mental Health Services Subsector Spotlight:

The mental health services space, which has slowed considerably in recent years, has started to regain momentum with large consolidators, such as LifeStance and Beacon Behavioral Health Partners, engaging in M&A to scale operations.

Active strategic acquirers have focused on using M&A to build density, diversify services, and add Interventional Psychiatry modalities to core offerings. On the other hand, private equity firms have been selective focusing on assets with differentiated models and programs with attractive unit economics, such as Partial Hospital Programs (PHP) and Intensive Outpatient Programs (IOP). Provident expects M&A volume to continue to trend positively as we move deeper into 2025 and beyond.

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

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