As the Federal Reserve continues to raise interest rates, many behavioral health stakeholders are tightening their belt on merger and acquisition deals. But for providers with cash, it could be a prime time to strike, reports Behavioral Health Business.
“What we’re seeing when we are out talking about acquisitions is that people are dropping out quicker and they don’t want to pay up as much,” David White, CEO of BayMark Health Services, said during a panel at Behavioral Health Business’ INVEST. “We’re sitting there with some dry powder, and we can wait it out. That’s been really helpful from an acquisition perspective; we’re able to acquire now and we’re seeing some folks who were acquisitive, who aren’t now.”
But White isn’t the only behavioral CEO bullish on M&A in 2023. Mindpath CEO Christopher Brengard echoed those sentiments and is looking to go full steam ahead on acquisitions. Read more.
