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Q4 2025 Behavioral Health M&A and Investment Quarterly Newsletter
Q4 2025 Highlights:• Deal volume hit multi-year highs for the full year—but slowed sharply in Q4 as buyers turned cautious.• Private capital is still flowing—but selectively, with outpatient mental health and autism platforms pulling ahead while safety-net providers fall further behind.• Facility closures accelerated nationwide, cutting inpatient and residential capacity as Medicaid and federal funding…