Becker's Healthcare January 21, 2026
Ella Ruder

Behavioral healthcare deal volume rose more than 42% in 2025, with 104 publicly announced transactions compared to 73 in 2024 and 83 in 2023, according to results published in “The Health Care M&A Report.” While full-year activity rose significantly, deal announcements slowed each quarter, revealing a shift in the market place.

Here are four things to know:

  1. The 2025 total marked the most active year for the sector since 2022, with 114 deals announced.
  1. Quarterly deal activity declined steadily throughout the year, falling from 32 in the first quarter to 28 in the second, 26 in the...

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Topics: Mental Health, Mergers & Acquisitions / JV, Provider, Trends
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