Behavioral Health Business October 17, 2023
Growth in the behavioral health industry may look very different in 2024 than it has over the past few boom years.
Gone are the days of growth for growth’s sake. Today, providers are prioritizing targeted de novo gains and keeping their balance sheets cash-flow positive. Industry headwinds, including high rates and ongoing labor shortages, have led to many providers pulling back from M&A and looking instead to strategic organic expansion.
“The era of growth at all costs is over,” Danish Qureshi, president and COO of LifeStance Health (Nasdaq: LFST), said at Behavioral Health Business’ INVEST event. “I know in the public market that’s over, and I’d say in the majority of the private market that’s over as well.”
LifeStance was...
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