How Private Equity Is Buying Up Addiction Treatment Centers

The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions · Jul 27, 2026 · 7m · transcript

Private equity firms spent nearly $3 billion acquiring addiction treatment centers in the past year, up from $500 million five years ago. In this episode, Lucas and Luna examine the consolidation of behavioral health facilities, focusing on a platform called Behavioral Health Partners that grew from 12 centers to 150 in four years. They discuss the business model: how firms centralize marketing, admit patients based on insurance, and standardize care. But they also explore the trade-offs — whether profit motives compromise patient outcomes, the regulatory backlash in states like Florida and…