Behavioral Health and Addiction Treatment Consolidation
Outpatient behavioral health and substance use disorder (SUD) treatment platforms spanning IOP/PHP programs, medication-assisted treatment (MAT), and multi-site addiction treatment operators, plus the sponsors, bankers, and advisors executing platform buildouts and add-on consolidation of independent outpatient providers.
“behavioral health and addiction treatment platforms, and the operators and advisors consolidating outpatient providers”
That sentence was the entire instruction. Everything on this page was researched from it and then verified against public sources: 23 experts kept, 0 dropped in verification.
Experts
Grouped by archetype · searchableFounder / Operator
4Carter Barnhart
CEO & Co-Founder
Charlie Health
Founder-CEO who built Charlie Health from scratch into a multi-state virtual high-acuity behavioral health platform, with direct Carlyle-portfolio operating experience from Newport Healthcare.
Anthony Kilgore
Chief Executive Officer
Behavioral Health Group
A four-time healthcare CEO with a track record scaling PE-backed, multi-site platforms — now running BHG, making him the direct operator relationship for any behavioral-health-rollup diligence or add-on conversation.
Rob Jardeleza
Chief Executive Officer
Beacon Behavioral Partners
Newly installed CEO driving Beacon's active behavioral health roll-up M&A pipeline while sponsor Latticework Capital reportedly preps a sale — a first call for platform diligence.
C.J. Davis
Chief Executive Officer
Centerstone
Davis has executed 25+ behavioral health mergers and now runs a $1B+ nonprofit platform, making him a key relationship for anyone underwriting sector consolidation or M&A.
Strategic Advisor
5Kerr Robertson
Managing Director, Healthcare Group
Houlihan Lokey
20+ year healthcare M&A banker now covering behavioral health at Houlihan Lokey, with a track record on $100B+ of services and healthcare real estate deals.
Kevin Taggart
Managing Partner, Behavioral Health Practice Lead
Mertz Taggart
Co-founder and behavioral health practice lead at Mertz Taggart, the most-quoted specialist advisor tracking U.S. behavioral health M&A deal flow and pricing.
Seema Verma
Board Director
LifeStance Health Inc.
Ex-CMS Administrator turned TPG/Cressey PE advisor and LifeStance board director — rare combo of regulatory authority, payer-side deal exposure, and live behavioral-health governance seat.
Sarah Personette
Board Director
LifeStance Health Inc.
Sitting LifeStance director and Puck CEO who scaled customer experience at Twitter and Facebook — a direct line into board thinking on patient-experience strategy.
Mike Moran
Founder & Managing Director
M&A Healthcare Advisors
Founder of a boutique healthcare M&A bank with 50+ closed lower-middle-market deals across behavioral health, home health, and pharmacy — a direct line to founder-owned targets.
Investment Banker
5Eric Yetter
Managing Director, Healthcare Team Leader
FOCUS Investment Banking
Runs FOCUS's healthcare team and has directly sourced/sold ENT, dental, and physician-practice platforms to PE-backed DSOs — a live pipeline for rollup deal flow.
Scott Kremeier
Managing Director
Piper Sandler
One of the most connected behavioral health M&A bankers in the market, with 16+ years and deep private-equity relationships from Houlihan Lokey and now Piper Sandler.
Michael Pisani
Managing Director, Global Co-Head of Healthcare
Houlihan Lokey
As Global Co-Head of Healthcare at a top healthcare M&A bank, Pisani runs live behavioral-health sellside processes and can flag rollup targets before they hit the broader market.
Ian Wijaya
Managing Director, Co-Head North America Healthcare
Lazard
Co-head of Lazard's healthcare practice with a $250bn+ deal record on payer, PBM, and biopharma megadeals — a top sell-side gatekeeper for platform-scale healthcare exits.
Steve Aguiar
Managing Director
Fifth Third Securities
A 20-year healthcare sell-side banker who has publicly flagged behavioral health, autism therapy, and IDD services as the market's next consolidation wave.
Legal / Service Provider
4Daniel Patten
Partner, Healthcare Regulatory & Enforcement
Holland & Knight LLP
A Nashville healthcare regulatory partner actively working live behavioral health deal flow and shaping how PE-backed roll-ups navigate compliance dealbreakers.
Adam Abramowitz
Managing Director, Co-Head of Healthcare & Life Sciences
Intrepid Investment Bankers
LA-based healthcare banker who just sold a Southern California behavioral health platform to Comvest and sees rollup activity across the sector firsthand.
Brian Setzer
Chief Executive Officer
Newport Academy
Ex-Walmart Health EVP now runs Newport Healthcare, the largest youth behavioral-health platform, bringing rare payor-reimbursement and scaled-operations expertise.
Joseph Lee, MD
President and Chief Executive Officer
Hazelden Betty Ford Foundation
As CEO of the largest U.S. nonprofit behavioral health provider, he sets referral, payer, and partnership standards that any rollup platform will be measured against.
Peer Fund / Dealmaker
5Jerry Rhodes
Partner, Behavioral Health Practice Area Lead
Webster Equity Partners
Rhodes built and sold the nation's largest addiction-treatment platform, now chairs BayMark's board and leads Webster's behavioral health practice — a rare operator-investor with rollup scars.
David Fitzgerald
Managing Partner, Healthcare
Petra Capital Partners
Chairs ABS Kids and sits on SUN Behavioral Health's board — a Nashville PE GP actively rolling up behavioral health platforms with a 25-year healthcare track record.
Kyle Bradford
Managing Partner and Co-Founder
Latticework Capital Management
Co-founder of a $650M+ healthcare PE firm with a proven behavioral health rollup track record (Beacon, Restoration) and a recent 8x-clinic exit to Goldman Sachs.
Steve Neumann
Managing Partner and Co-Founder
Latticework Capital Management
Co-founder of a $465M+ healthcare PE platform actively building a behavioral health rollup (Beacon) and sitting on its Investment Committee for new deal flow.
Steve Page
Founder, President and CEO
SUN Behavioral Health
Ex-Goldman healthcare banker who built and still runs a multi-state, founder-owned psychiatric hospital platform through three facility launches and one exit-scale predecessor.
Companies
Ranked by edge depthGoldman Sachs
Global investment bank; Power, Utilities & Infrastructure franchise serves the largest U.S. utility and infrastructure M&A flow.
Physicians First
Nashville-based boutique investment banking firm founded by Eric Yetter and Andy Snyder in 2016, focused on healthcare M&A advisory for physician practices. Merged into FOCUS Investment Banking in May 2021.
Sitwell Dental
Family-owned dental practice in Upstate New York with 4 locations and 9 dentists, founded by Drs. John and Tiffany O'Brien in 2018. Acquired by SALT Dental Partners in May 2024.
Beacon Behavioral Partners
Psychiatric practice network providing operational support to independent behavioral health practices across the U.S., with Rob Jardeleza promoted to CEO in July 2026; recently expanded into Midwest via Pure Psychiatry partnership.
Partners First Cardiology
Founded in 2019 by Rob Jardeleza, Partners First Cardiology provides specialized cardiology practice management and outpatient facility development services for independent cardiologists across the Southwest.
SALT Dental Partners
National dental support organization (DSO) based in Phoenix, Arizona, operating in 20+ states. Actively acquiring and partnering with dental practices including Sitwell Dental (2024).
Vista Eye Specialists
Ophthalmology and optometry practice based in Fredericksburg, VA, acquired by Atlantic Vision Partners (Sheridan Capital portfolio company) with multiple regional locations.
Express Scripts
Pharmacy benefit management company providing integrated pharmaceutical services including claims processing, specialty pharmacy, home delivery, and medication management to healthcare systems and employers.
Houlihan Lokey
Global investment bank ranked #1 for M&A advisory, restructuring, and fairness opinions with 30+ offices worldwide and dedicated healthcare group covering behavioral health subsector.
LifeStance Health Inc.
Public outpatient mental health services provider offering psychiatry, psychology, neuropsychological testing, and therapy across 33 U.S. states with 569 locations.
Newport Healthcare
Comprehensive behavioral health provider established in 2008 offering residential treatment, PHP, and IOP programs for teens and young adults across 8+ states with 3,500+ employees.
SUN Behavioral Health
Operator of freestanding psychiatric hospitals and community-based behavioral health services treating mental health and substance use disorders across multiple states.
ABS Kids (Alternative Behavior Strategies)
Applied behavior analysis (ABA) therapy provider specializing in autism spectrum disorder and behavioral health services for children and families across multiple states.
Achieve Partners
New York-based private equity fund focused on education and workforce development with $450M Workforce Fund II targeting behavioral health, biotech, and talent-starved sectors.
Aetna
Major managed healthcare organization providing health insurance, medical, pharmaceutical, dental, behavioral health, and disability services to over 22 million members. CVS Health subsidiary since 2018.
Air Medical, LLC
The largest fixed wing air medical transport company in Texas with a fleet of five aircraft based in San Antonio International Airport; acquired by AirMed International in 2017.
Ambry Genetics
Genetic testing and clinical genomics services provider operating the largest genetic sequencing lab; offers comprehensive testing for hereditary conditions, rare diseases, and oncology.
American Clinical Research Services (Catalina Research Institute)
A clinical trial site management organization formed by Latticework Capital Management in 2022 through acquisition of Catalina Research Institute, focused on complex clinical trials and underserved patient populations.
Apostrophe
Direct-to-patient teledermatology platform providing online dermatology consultations and personalized acne treatment prescriptions from board-certified dermatologists.
Ascend Health Corporation
Behavioral healthcare provider operating nine freestanding psychiatric hospitals across five states (Texas, Arizona, Utah, Oregon, Washington), offering inpatient, partial hospitalization, intensive outpatient, and substance abuse treatment services.
BayMark Health Services
North America's largest provider of medication-assisted treatment (MAT) for substance use disorders, operating 140+ programs across the US and Canada delivering opioid treatment, detoxification, and behavioral health services.
Beacon Behavioral Health
Mental health treatment facility providing inpatient and intensive outpatient programs treating depression, anxiety, bipolar disorder, schizophrenia, and addiction. Operates across Louisiana and Texas.
Beacon Behavioral Hospital
Beacon Behavioral is a Louisiana-based behavioral health provider operating five inpatient psychiatric hospitals and multiple intensive outpatient programs across Louisiana and Texas. Services include acute psychiatric care, medical detoxification, and specialized treatment for depression, psychosis, and substance use disorders.
Behavioral Health Group (BHG)
Operates 110+ Joint Commission-accredited outpatient addiction treatment centers delivering evidence-based medication-assisted therapy and counseling, the nation's largest outpatient opioid addiction provider.
Show 51 more single-connection companies
Brightli, Inc.
A behavioral health and addiction treatment network formed in 2022 from merger of Burrell Behavioral Health and Preferred Family Healthcare, operating 200+ locations across five states with 5,000+ employees.
Brookdale Senior Living
Nation's largest operator of 649+ senior living communities across 41 states serving 59,000 residents, operating independent living, assisted living, memory care, and CCRCs.
Build-A-Bear Workshop
Interactive retail experience where customers create and customize plush stuffed animals with personalized features, clothing, and accessories. Operates 525 locations globally across multiple countries.
Burrell Behavioral Health
A behavioral health and addiction treatment provider in Springfield, Missouri; merged with Preferred Family Healthcare in 2022 to form Brightli, the largest nonprofit behavioral health organization.
CRC Health Group
Former market leader in behavioral health with 140+ programs treating substance abuse, addiction, eating disorders, and learning differences. Acquired by Acadia Healthcare for $1.18B in 2014.
CareNow
CareNow is an urgent care chain founded in 1993 as HCA Healthcare's first urgent care service line, operating 225+ walk-in clinics across the United States. Services include immunizations, diagnostic testing, occupational medicine, and telehealth consultations.
CareTrust REIT
Publicly-traded REIT (NYSE: CTRE) engaged in ownership and triple-net leasing of skilled nursing, seniors housing, and healthcare properties across 32 states and UK with 399 facilities.
Cartwheel
K-12 school telehealth mental health platform providing clinical services to students through school districts, serving 350+ school districts across 15 states with 300% YoY growth.
Center for Autism and Related Disorders (CARD)
Leading provider of autism behavioral health services with 265+ clinics. Acquired by Blackstone in 2018 for $600–700M but filed bankruptcy in 2023 due to operational challenges under PE ownership.
Centerstone
A national behavioral health nonprofit and addiction treatment provider that merged with Brightli in 2025 to form the largest nonprofit behavioral health organization in the U.S.
Charlie Health
Virtual intensive outpatient program provider for behavioral health and substance use disorders, serving ages 8-64 across 36 states with personalized treatment including CBT, DBT, and family therapy.
Cielo House
Comprehensive eating disorder treatment center with four locations in the San Francisco Bay Area, founded in 2010. Acquired by Refresh Mental Health in March 2020.
Cliffside Malibu
Luxury residential addiction treatment facility in Malibu, California offering evidence-based detox and behavioral health services with holistic therapeutic programs in an oceanview setting.
Community Medical Services
Community Medical Services Holdings is an outpatient medication-assisted therapy provider offering FDA-approved opioid addiction treatments including methadone, buprenorphine, and suboxone. The company serves individuals across 13 states with specialized care for pregnant women and correctional health populations.
Compassus
Compassus is a national leader in home-based hospice, palliative care, and infusion therapy services operating in 33 states through 300+ locations. The company is jointly owned by private equity firm TowerBrook Capital Partners and faith-based health system Ascension Health.
Connetics USA
International nurse recruitment and staffing agency placing registered nurses with U.S. healthcare employers, specializing in EB-3 visa immigration support and direct-hire placements.
Dental Care Alliance
One of the largest US Dental Service Organizations (DSOs) managing 400+ dental offices across 23 states, with significant EBITDA growth and operational scale achieved during recent leadership tenure.
East Coast Retina, PA
East Coast Retina, PA is a physician-led retinal specialty practice based in Myrtle Beach, South Carolina, founded in 2004. The practice specializes in treatment of retinal diseases and conditions and was acquired by Retina Consultants of America in June 2023.
Etairos Health
Regional independent provider of skilled and non-medical home health and home care services in Florida and Southeast, serving seniors and patients recovering from illness.
Fifth Third Securities
Investment banking and securities division of Fifth Third Bancorp offering mergers & acquisitions advisory, debt and equity capital markets, and corporate finance services with specialized healthcare expertise.
First Medical Associates
A primary care provider in Maryland founded in 2008, operating 11 clinics with focus on patient-centered care, chronic disease management, and coordinated support across the state.
First Steps Recovery
Multi-site provider of substance use disorder services offering medical detox, residential treatment, partial hospitalization programs, intensive outpatient programs, and telehealth therapy.
Genentech
Biotechnology company focused on drug development and biopharmaceutical research. Founded in 1976 as the world's first biotechnology company and is now a wholly-owned subsidiary of Roche.
GrapeTree Medical Staffing
Healthcare staffing agency providing nursing, allied therapy professionals, and specialized healthcare workers to long-term care facilities and hospitals across a twelve-state Midwest region.
Greater Boston Long Term Care Pharmacy
A pharmacy services provider specializing in community-based group homes and assisted living facilities in Massachusetts; acquired by Tarrytown Expocare in December 2024.
Hazelden Betty Ford Foundation
The nation's leading nonprofit provider of comprehensive inpatient and outpatient addiction and mental health treatment for adults and youth, with 17 locations nationwide and integrated graduate education and research.
HealthPartners
Largest consumer-governed, non-profit health care organization in the nation serving 1.8 million medical and dental members, with 630,000 members in Minnesota and western Wisconsin supported by integrated care delivery system.
Highmark Health
Blue Cross Blue Shield licensee providing health insurance coverage including medical, dental, behavioral health, and Medicare/Medicaid plans across multiple states including Pennsylvania, Delaware, New York, and West Virginia.
Kindred Healthcare
Kindred Healthcare is a major post-acute care provider operating transitional care hospitals, inpatient rehabilitation facilities, hospice, home health, and behavioral health services across multiple states. The company was acquired by LifePoint Health in 2021 and now operates as part of ScionHealth.
Latticework Capital Management
Growth-oriented private equity firm with $650+ million AUM focused on control equity investments in lower-middle market healthcare companies. Specializes in providers, pharmaceutical services, and medical equipment.
M&A Healthcare Advisors
A boutique healthcare M&A advisory firm founded in 2021, specializing in lower-middle market ($2-20M EBITDA) healthcare transactions across diverse segments including behavioral health, home health, and specialty services.
New Century Hospice
Hospice, palliative, and home health care provider serving end-of-life and chronic care patients across Colorado, Georgia, Louisiana, and Oklahoma.
Newport Academy
Behavioral health treatment provider for adolescents operating residential and outpatient programs across multiple states. Specializes in evidence-based treatment for mental health and substance use disorders.
Oracle
Enterprise software company providing Oracle Health and Life Sciences division; cloud-based applications and infrastructure for drug development, clinical research, and healthcare operations.
PRC Associates, LLC
Interventional pain management practice headquartered in Daytona Beach, Florida, specializing in chronic and acute pain management across seven locations in the southeastern United States.
Piper Sandler
Investment bank founded 1895 with 60+ offices globally providing M&A advisory, capital raising, public finance, and institutional services across healthcare and other sectors.
Pure Psychiatry
Pure Psychiatry is a physician-led outpatient behavioral health platform providing psychiatric and mental health services to children, adolescents, and adults across Michigan and Ohio. Services include medication management and treatment for anxiety, depression, ADHD, and bipolar disorder.
Restoration Counseling & Community Services
Restoration Counseling & Community Services (RCCS) is a Twin Cities-based nonprofit providing community-based substance abuse treatment and cognitive behavioral intervention for individuals transitioning from the criminal justice system. Programs include intensive outpatient treatment with or without residential components.
Saint Paul & Minnesota Foundation
Minnesota's largest community foundation providing grants and strategic leadership to strengthen Minnesota communities, with a track record of funding health and human services initiatives.
Sigma Chi International Fraternity
Men's social fraternity with 270+ chapters nationwide, recently launched Wayfinder, a behavioral health support portal developed in partnership with Hazelden Betty Ford to address member substance use and mental health challenges.
Summit Home Care
A home health agency with multiple locations in Delaware providing in-home healthcare services to community patients; acquired by LHC Group in 2023.
Synapse Health
Digital-first durable medical equipment (DME) distribution platform providing end-to-end ordering, fulfillment, logistics and claims processing for patients, providers and payors across multiple states.
TapestryHealth
TapestryHealth is a healthcare technology company providing behavioral health and specialized medical services to skilled nursing facilities and post-acute care settings using AI-powered analytics and telehealth delivery. The company serves depression, anxiety, dementia behaviors, and substance use disorders in SNF environments.
Tarrytown Expocare Pharmacy
America's leading IDD and Behavioral Health specialized pharmacy provider serving over 25,000 individuals across 30 states from 10 regional locations; acquired by Carlyle in November 2025.
Walmart
Multinational retail corporation operating hypermarkets, discount department stores, grocery stores, pharmacies, and gas stations across the US and 19 other countries. World's largest private employer with 2.1 million employees.
WellSky
Healthcare software solutions provider serving home care, hospice, blood services, and human services with analytics and operations platforms; 20,000+ client sites.
Westside Children's Therapy
Chicago-area pediatric therapy provider with 29+ locations offering ABA, physical, occupational, speech, diagnostic, and counseling services to children with developmental needs.
William Blair
Independent, employee-owned investment bank founded in 1935 providing M&A advisory, capital raising, and wealth management across 30+ offices with deep healthcare expertise.
X (formerly Twitter)
Social media platform providing microblogging, networking, and real-time communication services. Acquired by Elon Musk in October 2022 for $44 billion and rebranded from Twitter to X in July 2023.
Xpress Wellness
Xpress Wellness is a rural healthcare platform providing urgent care, primary care, behavioral health, occupational medicine, and facility-based services across Oklahoma, Kansas, and Texas. The company operates 58 clinics and serves residents of 85 post-acute nursing home facilities.
Your Behavioral Health
Behavioral health platform with 17 facilities across Southern California offering inpatient, outpatient, interventional psychiatry and residential treatment for depression, anxiety, trauma, and addiction.