Behavioral Health Business October 23, 2023
Fears for a sluggish 2023 may have been overblown. “Aggressive” deals are still being made, though they may be smaller than in years past.
That’s according to industry insiders at Behavioral Health Business’ 2023 INVEST conference. Lenders and issues with access to capital drove lower transaction volumes in 2023, Kevin Taggart, managing partner at Mertz Taggart, said.
“A lot of these strategic buyers borrow a lot of money to buy these companies,” Taggart said. “Their interest payments have gone up quite a bit over the last couple of years. That’s affecting some deal volume, specifically on the substance abuse side.”
As an example of Mertz Taggart’s “bullish” approach to behavioral health deals, Taggart shared that the company recently...
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