Sell Your Behavioral Health Practice in New York
Who is buying behavioral health practices in New York
Named behavioral health acquisitions we have recorded in New York
- Harris Psychiatric Services, acquired by PAX Health (HCAP Partners, Hamilton Lane)Private-equity-backed buyer · Announced Jan 2025 · Smithtown, NY · Source ↗
Headquartered in New York: Radial (New York, NY).
| Platform | Owner / backer | Type | Headquarters | Scale | |
|---|---|---|---|---|---|
| Beacon Behavioral Partners | Latticework Capital Management | Private equity | Plano, TX | More than 250 providers and 45 locations (May 2025); nine states after the March 2026 Carolina Psychiatry deal, then entered Michigan, Ohio and Georgia | Source ↗ |
| LifeStance Health | Publicly traded (Nasdaq: LFST) | Strategic / public | Scottsdale, AZ | Approximately 8,000 psychiatrists, advanced practice nurses, psychologists and therapists across 33 states and more than 550 centers | Source ↗ |
| ARC Health Partners | Thurston Group | Private equity | Cleveland, OH | 1,300+ clinicians in 91 locations across 20 states (Nov 2025) | Source ↗ |
| Thriveworks | Regal Healthcare Capital Partners | Private equity | Lynchburg, VA | More than 340 facilities in 49 states and Washington, D.C., with over 2,200 clinicians (Oct 2024) | Source ↗ |
| Acadia Healthcare (Comprehensive Treatment Centers) | Publicly traded (Nasdaq: ACHC) | Strategic / public | Franklin, TN | 174 comprehensive treatment centers (CTCs) across 33 states (Q2 2025) | Source ↗ |
| Spero Health | Heritage Group, Health Velocity Capital, South Central, Inc. and Frist Cressey Ventures | Private equity | Nashville, TN area | 128 outpatient clinics across 10 states (Jul 2026) | Source ↗ |
| Crossroads Treatment Centers | Revelstoke Capital Partners and CDPQ | Private equity | Greenville, SC | 100+ centers across nine states (GA, KY, NJ, NC, PA, SC, TN, TX, VA) | Source ↗ |
| Transformations Care Network | Shore Capital Partners (moving to a continuation vehicle) | Private equity | Boston, MA | 91 locations in seven states | Source ↗ |
| Sagent Behavioral Health (formerly Nystrom & Associates) | Nautic Partners | Private equity | New Brighton, MN | 84 locations across MN, IA, ND, MO and WI with approximately 1,600 clinicians (Aug 2025) | Source ↗ |
| Bradford Health Services | Lee Equity Partners | Private equity | Birmingham, AL | 36 care sites across eight states (Aug 2026) | Source ↗ |
| PAX Health | HCAP Partners and funds managed by Hamilton Lane | Private equity | Red Bank, NJ | 180+ licensed clinicians, 15+ physical locations, 35 states covered | Source ↗ |
| Orchard Mental Health Group | The Graham Group | Private equity | Rockville, MD | Over 165 clinicians; locations in nine Maryland cities plus Reston, VA and Camp Hill, PA (Jul 2025) | Source ↗ |
| Radial | General Catalyst | Private equity | New York, NY | 27 clinics and more than 100 clinicians (Aug 2026) | Source ↗ |
| Your Behavioral Health | Vesterra Capital Partners (formerly Comvest Private Equity) | Private equity | Torrance, CA | More than 25 sites across Southern California (Apr 2024) | Source ↗ |
| Hightop Health | JLL Partners; SV Health Investors | Private equity | Atlanta, GA | Three affiliated practices: Psych Atlanta, Georgia Psychiatry & Sleep and Roots Behavioral Health | Source ↗ |
| First Steps Recovery | Avesi Partners | Private equity | Fresno, CA | Not disclosed | Source ↗ |
Ownership verified October 6, 2026. See every platform's recent deals in the Behavioral Health roll-up tracker →
How many outpatient mental health and substance abuse centers are in New York
The Census Bureau counted 691 outpatient mental health and substance abuse centers in New York in 2023, ranking 5th of 50 states. 24% had fewer than five employees and 63% had fewer than 20. 79 had 50 or more.
| Employees | Establishments | Share |
|---|---|---|
| Fewer than 5 | 167 | 24% |
| 5 to 9 | 103 | 15% |
| 10 to 19 | 167 | 24% |
| 20 to 49 | 175 | 25% |
| 50 or more | 79 | 11% |
This counts outpatient mental health and substance abuse centers (NAICS 621420). Offices of individual therapists (NAICS 621330) are counted separately.
Source: U.S. Census Bureau, County Business Patterns 2023 ↗ (NAICS 621420). An establishment is a single physical location, so an owner with three locations counts three times.
What a behavioral health practice in New York is worth
Behavioral health practices typically sell for 4x-8x EBITDA, or 1.9x-3.1x SDE for smaller owner-operated behavioral health practices, with most deals in the ~$1.2M - $16M (derived) range. These are published industry ranges from Sofer Advisors, Vallexa Advisors and others, not an appraisal of your practice.
What buyers pay more for
- +Commercial-insurance payer mix
- +Psychiatry plus TMS and Spravato services
- +Low owner dependence
- +Clean multi-year financials and payer contracts
What buyers discount
- -Medicaid revenue at 60% or more
- -Revenue concentrated in a few clinicians
- -Founder-dependent caseload
- -Weak compliance record
How selling through DealSeam works
A confidential conversation
We learn about your practice and what you want from a sale. Nothing is listed publicly.
Introductions where there is a fit
Where a qualified buyer fits your practice, we introduce you, and only after you approve it.
You decide
You choose whether to go further, on your own timeline. Sellers pay nothing; the buyer pays our fee if a deal closes.
Selling a behavioral health practice in New York: common questions
How much is a behavioral health practice in New York worth?
Behavioral health practices typically sell for 4x-8x EBITDA, or 1.9x-3.1x SDE for smaller owner-operated behavioral health practices, with most deals in the ~$1.2M - $16M (derived) range. Buyers tend to pay more for commercial-insurance payer mix, psychiatry plus tms and spravato services, low owner dependence and clean multi-year financials and payer contracts, and less where they see medicaid revenue at 60% or more, revenue concentrated in a few clinicians, founder-dependent caseload and weak compliance record. These are industry-wide ranges from Sofer Advisors, Vallexa Advisors and others, not an appraisal of your practice.
Who is buying behavioral health practices in New York?
Recent named deals in New York include Harris Psychiatric Services (acquired by PAX Health, Jan 2025). Nationally, the largest groups consolidating behavioral health practices include Beacon Behavioral Partners (Latticework Capital Management), LifeStance Health (publicly traded) and ARC Health Partners (Thurston Group); 14 of the 16 platforms we track are private-equity-backed.
How many outpatient mental health and substance abuse centers are there in New York?
The Census Bureau's County Business Patterns counted 691 outpatient mental health and substance abuse centers in New York in 2023, ranking 5th of 50 states. 24% had fewer than five employees, 63% had fewer than 20, and 79 had 50 or more. This counts outpatient mental health and substance abuse centers (NAICS 621420). Offices of individual therapists (NAICS 621330) are counted separately.
Does it cost anything to sell through DealSeam?
No. Sellers pay nothing. When a deal closes, the buyer pays DealSeam's fee. There is no listing fee and no retainer.
Will my employees or customers find out I'm thinking about selling?
No. Nothing is listed publicly, and your details go to a buyer only after you approve that introduction.
Selling another kind of business in New York?
Selling a behavioral health practice in another state?
Thinking about selling your behavioral health practice?
DealSeam works confidentially with owners to understand their options and, where there's a fit, introduces them to qualified buyers, at no cost to sellers.
Talk to us about your New York practice
Tell us how to reach you and we'll start a confidential, no-obligation conversation.
Sources
Valuation multiples are published ranges from Sofer Advisors (valuation firm), Behavioral Health Practice Valuation 2026, Vallexa Advisors (healthcare M&A firm), Behavioral Health Practice Valuation, Jun 2026, Psychiatric Times, Psychiatry Mid-Year Market Update 2026 (by a Physician Growth Partners managing director) and Peak Business Valuation, Counseling Center Valuation Multiples. Establishment counts are from the U.S. Census Bureau, County Business Patterns 2023 (NAICS 621420). Platform ownership comes from each platform's own or press sources, verified October 6, 2026. Named acquisitions are the deals we have recorded from public announcements, each linked to its source; they are not every deal in the state. Ownership in this sector changes often. None of this is investment, legal or tax advice.