LifeStance Hints at M&A Following 2nd Profitable Quarter

LifeStance Health Group (Nasdaq: LFST) reported its second profitable quarter as a public company in the third quarter of 2025. Executives for the hybrid in-person and telehealth outpatient mental health company said the profitable turn was driven by the realization of clinician productivity improvements, tamping down general and administrative expenses and top-flight net growth in new clinicians joining the organization. The company’s organic growth and productivity gains come as it has all but stalled its M&A activity. On the earnings call, executives again teased getting back into the M&A game, a strategy they’ve pursued since this time last year.

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Source: https://bhbusiness.com/2025/11/06/lifestance-hints-at-ma-following-2nd-profitable-quarter/

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