Stout is pleased to present our Behavioral Health Market Update – May 2025, which provides a comprehensive overview of the market, key themes to monitor, recent M&A activity, and the dynamics shaping the behavioral health sector. The report explores emerging trends, highlights notable transactions, and offers insights into the evolving regulatory landscape.

Select insights include:

• Behavioral Health Market Overview – A summary of industry growth drivers, such as network innovation and technology adoption
• Themes to Monitor – An overview of three key themes: policy and regulatory, ABA utilization, and SAMHSA’s Crisis Care Guidelines
• Value-Based Care – A look at the main trends in behavioral health and how they support the objectives of value-based care models
• Prevalence of Behavioral Health Diagnoses – A summary of the number of adults diagnosed with any mental illness or substance use disorder, and co-occurring diagnoses
• M&A Dynamics – An overview of the market, M&A volume, and notable transactions