Despite economic headwinds and a “bumpy ride” for many operators, 2025 concluded with a slight uptick in overall deal volume. The year ended with 180 total transactions, a modest increase from the 176 recorded in 2024. Q4 2025 saw approximately 39 announced transactions (30 M&A and 9 Growth deals). While deal volume has cooled from the frenetic pace of Q1 2025, the market remains active, driven largely by the continued dominance of the mental health sub-sector. Mental health continues to be the engine of the behavioral health M&A market. The sector outperformed all others in Q4 with 27 transactions, cementing its status as the most active sub-sector of 2025.
Read the full article: Q4 2025 Behavioral Health M&A Report //
Source: https://www.mertztaggart.com/post/q4-2025-behavioral-health-m-a-report