type=behavioral

Behavioral Health

Behavioral Health has been one of the hottest sectors in health care M&A for the last 10 years

With insurance parity laws, destigmatization, and increased funding and utilization, investors have been targeting multiple segments within behavioral health—autism services, mental health, addiction treatment programs, and intellectual and developmental disabilities—driving demand and valuation.

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Combined Deal Value

The total value of all of the deals closed by The Braff Group in the Behavioral Health sector.

Total Deals Made

The combined number of deals closed by The Braff Group in the Behavioral Health sector.

Deal Valuation Comps

The total number of valuation market comps in our database for the Behavioral Health sector.

Behavioral Health Market Trends

This interactive module keeps you informed with annual and quarterly performance graphs, giving you a clear view of key trends, valuation movements, and market dynamics.

Source: The Braff Group

Client Success Stories

Braff Successfully Completes the Divestiture of an ESOP

Companies that are owned by an ESOP (Employee Stock Ownership Plan) are governed by ERISA (the Employee Retirement Income Security Act of 1974). Given substantial regulatory oversight, such situations provide unique challenges in a divestiture. Among other things, one of the trustee’s most important tasks is to ensure that employees’ stock is valued appropriately, and the best way to satisfy this requirement is to fully vet the market. In this case, we ultimately produced eleven letters of intent, more than enough to give the trustee confidence that not only were the employees being treated fairly, but their stock was valued at the highest level the market would allow.

  • Buyer
    ABRY Partners
  • Significance
    Complexity
Re-positioning Client’s Business Produces Market Premium

During the course of our representation, our client altered their care model to focus on a promising new program. It soon became clear that this new service provided the opportunity for substantial growth. Per our guidance, not only did they wait until they had a representative historical period with the new service mix, but they also converted to accrual-based accounting so that their financials would better reflect their growth. In so doing, we were able to secure a substantial market premium.

  • Buyer
    Owner Resource Group
  • Significance
    Experienced Guidance
Braff Generates 18 Letters of Intent for Highly Sought-After Platform Provider

In the highly competitive and sought-after sector of autism services, Alternative Behavior Strategies attracted substantial interest from buyers. By the end of the process, we received an extraordinary eighteen (18) letters of intent, finally settling on a proposal from MMC, Petra, and Altos. Our client retained equity in the deal and was subsequently rewarded when the company completed a secondary buyout with Morgan Stanley Expansion Capital.

  • Buyer
    Private Equity Sponsors MMC Health Services, Petra Capital Partners, and Altos Health
  • Significance
    Platform Transaction

Behavioral Health Managing Directors

“I was fortunate enough to work with Braff twice and sell two behavioral health companies... What stood out to me is their thoughtful and thorough approach to planning and preparing the CIM... Finally, the Braff group is very well connected in the behavioral health industry and know the key players..."

Stefan Hochfilzer

Xcite Steps and Club Xcite
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“I had the pleasure of working with Braff for the sale of my company. I can honestly say their service exceeded every expectation. From start to finish, their team demonstrated the highest level of professionalism, expertise, and commitment..."

Shasta Brenske

Bright Behavior, Inc.
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“Nancy and her team at Braff provided comprehensive guidance, detailed instructions, and unwavering support throughout the entire process. She successfully negotiated with the buyers, overcoming a last-minute issue that had initially diminished our business’s value, and ultimately increased it beyond our expectations.”

Charlie Morton

Community Integrated Services
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“We had been considering a strategic transition for some time and knew the complexities involved in a behavioral health transaction. The Braff Group guided us through every phase—from preparing the CIM to navigating diligence and negotiations—with precision and care..."

Larry J. Nulton, Ph.D.

Peerstar LLC
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“Selling Delta Behavioral Group was one of the most important chapters of my career. Ted Jordan and The Braff Group were steady partners through every turn... This was our second company sale... we would have been rudderless without Ted’s expertise, encouragement, and relentless commitment to seeing us through to the right outcome.”

Marleah Bouchard

Delta Behavioral Group
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“Working with the Braff group was a truly wonderful experience from start to finish... Overall, the process was smooth and professional. I really appreciated the responsiveness, insight and follow through and wouldn’t hesitate to work with them again.”

Alisa Rosenfeld

Senior Care Therapy
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“Steve Garbon represented me... I was particularly anxious about the complexity of the purchase agreement and his calm, strategic approach helped me stay grounded through what could have been a chaotic experience... Even now, 8 months later, he checks in and stays involved. That level of follow-through is rare and reflects the pride he takes in his work...”

Shannon Malish

Windmill Wellness Ranch
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“Ted and the entire Braff Group were very professional and easy to work with. They are specialists in behavioral health, and it was apparent by their acumen and knowledge of the field.”

Steve Gold

Refresh Mental Health, Acquirer
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Take the Next Step with The Braff Group

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