Behavioral health deals hit $129 million in 2015, outpacing 2014
According to Irving Levin Associates, the bump could be due to a proposal by the CMS to raise payment rates.
Merger and acquisition activity in ticked higher in April, according to Irving Levin Associates, who attribute the bump to a just-released proposal by the Centers for Medicare and Medicaid Services to raise the payment rate for inpatient psychiatric facilities.
CMS has proposed raising the payment rate by 1.6 percent, which would take effect in 2018 if ultimately approved.
[Also: CMS proposes 1.6% payment hike for inpatient psychiatric facilities]
So far, 2015 has seen 11 transactions in behavioral health totaling $129 million, which is slightly outpacing the 2014 rate of M&A in that sector.
Among the top in that list are Acadia Healthcare’s planned $53 million takeover of Quality Addiction Management and AAC Holdings acquisitions of The Oxford Centre for $35 million and an undisclosed hospital facility in California for $13.5 million.
[Also: Tracking 2015 mergers and acquisitions]
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