Behavioral Health Business March 24, 2025
Morgan Gonzales

The financial market thrives on stability. However, the Trump administration’s hazy approach to Medicaid and tariffs could deny that predictability and potentially stall behavioral health dealmaking.

In 2024, the behavioral health deals outperformed the number of overall health care deals, according to Steve Garbon, managing director at Braff Group. Analysts have predicted that conditions are ripe for increased dealmaking in 2025, but uncertainty regarding the political and economic climate could lead to increased caution.

“The investment community likes certainty,” Garbon said. “And right now there’s a lot of uncertainty, especially as it relates to Medicaid. Obviously a lot of behavioral health services are funded by Medicaid. [It’s] extremely volatile right now. We’ll see where things go.”

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Topics: Insurance, Medicaid, Mental Health, Provider
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