Carlyle is acquiring Psychiatric Medical Care from Consonance Capital for a 20x EBITDA multiple, two sources familiar with the situation tell Axios Pro. The behavioral health management business was marketed on around $25 million of pro forma EBITDA, with actual EBITDA in the high teens, the sources say. Elsewhere, initial bids for Housatonic-backed IDD treatment business Abound Health came in around 9x to 12x EBITDA, one source familiar tells Axios Pro. Sponsor-led behavioral health dealmaking is heating up despite Medicaid facing steep federal and state-level cuts.
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Source: https://www.axios.com/pro/health-tech-deals/2025/07/28/carlyle-acquiring-psychiatric-medical-care-consonance-capital