by Ethan Webb | Mar 2, 2026 | Regulation
The state of Indiana has, for the better part of a decade, been locked in an escalating financial reckoning over how it pays for one of the most common treatments for autism. Applied behavior analysis, or ABA, arrived on Indiana’s Medicaid rolls in 2016 as a modestly...
by Ethan Webb | Feb 27, 2026 | M&A
There is a particular shade of corporate blue (you know the one) that has colonized healthcare branding with the persistence of kudzu. It signals trust, professionalism, and an absence of imagination so profound it approaches a kind of purity. Against this backdrop,...
by Ethan Webb | Feb 26, 2026 | Regulation
Reed Walker spent two decades watching the applied behavior analysis industry grow from a cottage practice into a private equity darling. He started as a paraprofessional, the entry-level technician who spends hours each day working directly with children on the...
by Ethan Webb | Feb 25, 2026 | M&A
For the better part of six years, behavioral health providers have operated under a set of rules that were never meant to last. The telehealth flexibilities first introduced during the COVID-19 pandemic—allowing clinicians to treat Medicare patients remotely, from...
by Ethan Webb | Feb 24, 2026 | M&A
The conversation about what makes an ABA company valuable tends to drift toward abstraction: scale, infrastructure, clinical quality. These words appear in pitch decks and investment memoranda, repeated until they lose whatever meaning they once possessed. But when a...
