Behavioral Health Dealmaking Dips to Pre-Pandemic Levels

After a strong start to the year, behavioral health deals began to slow in Q2. Overall, there were 31 behavioral health deals in the second quarter of the year, down from 48 in Q1, according to a new report by M&A advisory firm Mertz Taggart. The 31 deals included 26 mergers and acquisitions and five growth equity transactions. Authors of the report noted Q2 saw the fewest deals since the onset of the COVID-19 pandemic. Still, there may be discrepancies with deals publicly announced and ones actually closed. Mental health transactions continued to dominate behavioral health dealmaking, with a total of 21 deals. While this subsector led the count, it’s still seeing a dip in transactions from Q1, which had 30 deals.

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Source: https://bhbusiness.com/2025/08/26/behavioral-health-dealmaking-dips-to-pre-pandemic-levels/

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