Behavioral Health Business October 13, 2023
M&A activity in the behavioral health space has slowed down significantly in recent years, dropping to pre-pandemic levels.
The behavioral health industry is not alone in this, Dexter Braff, president of M&A advisory firm The Braff Group, said at Behavioral Health Business’ INVEST conference. External factors, including inflation, staffing shortages, fear of recession and unrest in Eastern Europe, put a damper on global M&A activity across all industries.
While deal flow continues, buyers are increasingly skittish.
“In our experience at The Braff Group, once the buyer and seller agree on purchase price, there is a 90% chance [the deal] is going to close,” Braff said. “Until this year, we had very few deals that didn’t close. This year, we have...