Behavioral Health Business September 20, 2024
The Federal Reserve recently announced a long-hoped-for rate cut, potentially enabling easier behavioral health dealmaking.
Dealmaking in behavioral health has diminished in recent years after cresting in 2021. The same year, the inflation rate took off. The following year, the Federal Reserve, the American central bank, raised interest rates at the fastest clip in recent history. Debt financing, which is common in dealmaking, became more expensive because those interest rates are often tied to the Fed’s rate.
However, after hiking rates and holding them at levels comparable to the run-up to the Great Recession of 2008, the Federal Reserve’s Federal Open Market Committee voted on Sept. 18 to enact a one-half-percentage-point rate cut — to set the Fed’s effective rate...
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