While LifeStance Health (NASDAQ: LFST) has increased its revenue year over year, it is still taking a measured approach to growth. The provider continued its M&A pause in Q3. Instead, it is looking at de novo growth and organizing its assets–at least for now. “We’ve been very clear that we’re really going to hold off on tuck-in acquisitions until we have solidified our platform and can move acquired practices onto that solid, stable and high-performing platform,” Ken Burdick, CEO of LifeStance, said during the company’s earnings call. “We also look to do that when we can fund it out of free cash. So that is on the horizon but not on the near-term horizon.”
Read the full article: LifeStance to Close 70 Centers by End of the Year, Pays $50M in Lawsuit Settlement //
Source: https://bhbusiness.com/2023/11/08/lifestance-to-close-70-centers-by-end-of-the-year-pays-50m-in-lawsuit-settlement