by Ethan Webb | Apr 24, 2026 | Technology
Key Takeaways 90-day wind-down: Thoughtful AI has told customers its stand-alone services are being discontinued in roughly 90 days. PE roll-up context: New Mountain Capital combined Thoughtful.ai with Access Healthcare and SmarterDx in May 2025 to form Smarter...
by Ethan Webb | Apr 22, 2026 | M&A
Key Takeaways Discovery Behavioral Health, one of the largest behavioral health platforms in the country and a Webster Equity Partners portfolio company, defaulted on $280 million in debt owed to Capital One and HPS Investment Partners under agreements originally...
by Ethan Webb | Apr 21, 2026 | Regulation
Key Takeaways There is no industry-wide consensus on what constitutes a measurable outcome in substance use disorder treatment. Different payers use different definitions, creating a moving target for operators trying to build measurement infrastructure. Longitudinal...
by Ethan Webb | Apr 8, 2026 | M&A
The behavioral health and Applied Behavior Analysis industry saw a notable wave of leadership transitions to open 2026, with providers, accreditation bodies, and investment firms alike reshuffling their executive ranks. From first-ever C-suite appointments to...
by Ethan Webb | Apr 6, 2026 | M&A
Key Takeaways Mergium Advisors tracked 42 pediatric therapy M&A transactions in 2025, a 14 percent increase over 2024. Strategic buyers accounted for 38 percent of pediatric therapy deals in 2025, up from single digits in prior years. EBITDA multiples for small...
