The Biden-Harris administration announced new initiatives in Dec. 2023 to combat “corporate greed in health care”. The initiatives will likely not directly block behavioral health deals, but headline risk has caused investors to “suddenly” become more cautious. The decline in sponsor interest in behavioral health will be “marginal,” according to Rebecca Springer, PitchBook’s lead analyst of healthcare, but investors who are on the fence may opt for other options, such as health care IT. “Headline risk is greatest for the firms that are more in the public eye, so I would be pretty surprised to see some of the mega-fund managers, the Blackstones and KKRs of the world, pursuing new platforms in these areas in 2024,” Springer told Behavioral Health Business in an email.
Read the full article: Biden Initiatives Dampen Behavioral Health Deals, but ABA Therapy Remains Hot Target //
Source: https://bhbusiness.com/2024/02/13/biden-initiatives-dampen-behavioral-health-deals-but-aba-therapy-remains-hot-target