Private equity investment in behavioral health continued to plummet in the first quarter of 2023.
In Q1, there were 13 private equity deals across mental health, substance use disorder, IDD care, ABA and pediatric therapy, according to new data from PitchBook. In contrast, the total private equity deal count in 2022 was 73, an average of 18.2 deals per quarter, Behavioral Health Business reports.
Behavioral health isn’t the only part of health care seeing a drop in deals. PitchBook reports that health care investment has dropped for the fifth straight quarter in a row. Still, health care investment is 20.4% higher than the average quarter in 2018-2019. Read more.
