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Strategic M&A Advisory for Behavioral Health Companies

Healthcare Capital Advisors is a boutique M&A and strategic advisory firm focused on behavioral and mental health companies. We bridge finance and behavioral health to help founders, operators, and investors make their best moves.

Confidential. No obligation. Honest perspective on where you stand and what makes sense from here.

Looking to acquire? Explore current opportunities →

Behavioral Health Focused

Founder-Led Transactions

Lower Middle Market

Confidential by Default

Preparation. Process. Performance.
Strategic M&A Advisory for Behavioral Health

Bridging Finance and Behavioral Health

HCA was built to bring institutional-grade advisory to behavioral health founders, operators, and investors. Our team has sat in the operator seat, run multi-site organizations, and advised on transactions across every level of care. We bring the discipline of a lower middle market investment bank — and the empathy of people who have built and sold companies they cared about.


We work with a limited number of clients at a time, by design. Every engagement gets senior-level attention from start to finish.

$2B+

in transactions our team has advised on

100+

healthcare deals across our combined careers

25+

years of behavioral health leadership experience

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Behavioral Health Sectors We Advise

Deep market knowledge and active transaction experience across the behavioral health spectrum.

Mental Health Services

Outpatient therapy, psychiatry, medication management, IOP, PHP, and community-based behavioral health providers.

Serious Mental Illness & Crisis Care

Psychiatric hospitals, crisis stabilization, community mental health, and high-acuity behavioral health programs.

    Pediatric & Youth Behavioral Health

Youth mental health, adolescent treatment, school-based services, and family-focused care models.

Autism & IDD Services

ABA therapy, autism services, developmental disability providers, and multidisciplinary pediatric therapy platforms.

Eating Disorder Treatment

Residential, PHP, IOP, and outpatient eating disorder programs for adolescents and adults.

Integrated & Value-Based Care

Integrated behavioral health, collaborative care, population health, and whole-person healthcare delivery.

Addiction Treatment & Recovery

Detox, residential treatment, MAT clinics, sober living, outpatient addiction treatment, and recovery support services.

    Interventional Psychiatry

TMS, ketamine/esketamine, and other innovative neuropsychiatric treatment models.

Broader Healthcare Services

Select healthcare services businesses where our transaction and strategic expertise provides differentiated value.

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Care Models We Advise

Outpatient Behavioral Health

Residential Treatment

Facility-Based Care

Home & Community-Based Services

Virtual & Hybrid Care Models

Value-Based & Integrated Care Platforms

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How We Help

Experienced Advisors Who Understand Behavioral Health Operators

Sell-Side M&A Advisory

For founders considering a sale, recapitalization, or strategic transition. We prepare you properly, run a controlled process, and protect what you've built through close.

Buy-Side M&A Advisory

For strategic acquirers, private equity, family offices, and independent sponsors building behavioral health portfolios. Proactive sourcing, operator-side diligence, and disciplined execution.

Strategic Advisory / Consulting

For operators navigating growth, transitions, and major decisions. Fractional executive services, startup strategy, turnarounds, operational due diligence, and pre-transaction readiness.

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Why Healthcare Capital Advisors

Specialized advisory built for behavioral health, by people who know it from the inside.

Behavioral Health Exclusively

We don't dabble. Behavioral and mental health is what we do, full stop. We know the operators, the regulators, the payors, the buyers, and the realities that drive value in this industry.

Senior-Level Attention

You work directly with senior advisors from start to finish. No handoffs to junior staff after the engagement letter is signed. We work with 1-2 clients at a time, by design.

Investment Bankers Without the Suit and Tie

We bring institutional discipline. We also believe the process should be enjoyable and transparent. We speak openly, candidly, and in plain language. No posturing, no jargon, no theater.

Operators First, Advisors Second

Our team has sat in the operator seat — running multi-site organizations, navigating regulatory complexity, building cultures, managing teams. We bring that perspective to every engagement.

Preparation-First

Most deals fail or underperform because preparation was rushed or skipped. We get the business into its best possible state — financially, operationally, strategically — before we go to market.

We Care About the Industry

Consolidation in behavioral health is inevitable. We want to influence that process positively. Done with intention and principle, it can expand access to quality care, improve outcomes, and create meaningful exits for the founders who built these companies.

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Our Process

Healthcare Capital Advisors is a boutique M&A and strategic advisory firm focused on behavioral health and healthcare services.

Confidential Strategic Options Review

A private, no-pressure conversation to understand your goals and current situation.

Readiness Assessment

A structured evaluation of where your business stands relative to buyer expectations or strategic targets.

Positioning & Materials

Building the narrative, financial story, and materials that drive valuation and attract the right buyers.

Controlled Process

A targeted, confidential approach with the right buyers — not a wide auction.

Negotiation, Diligence, and Closing

Disciplined execution from LOI through close, with senior
advisor involvement throughout.

We Are Trusted

We know this is more than a business.
That’s why we protect your impact—not just your payout.

Walter B., Ph.D.

Owner

"Jacob was amazing. He sold my business within 90 days and got me a deal far above the EBITDA valuation I expected. I had tried many other brokers before him, who all failed. I strongly recommend Jacob to sell your behavioral health business."

Mark T., CFO - Sale of OMNIA Diagnostics, LLC

CFO

"Jacob represented us with the highest degree of professionalism. His calm, steady, and candid demeanor brought a controlled tone to the transaction. I highly endorse Jacob and his firm — and will be using his services again."

Robert H.

Owner

“Jacob is the best. We'll definitely be using his services to sell our other company as well. He
went through two grueling sales with us and had our backs at every step — helped us strategize
and prepare to get top dollar, found multiple attractive offers, and helped us negotiate more
favorably.”

Kumar C.

Owner

“Mr. Lynch has real knowledge of the industry and great connections. It would be very
productive to work with him, whether you are in the market to buy or sell a behavioral health
organization.”

Martin B.

Owner

“Jacob and his team are experts in the behavioral health space and bring both market knowledge
and top-notch execution skills to the transactions in which they are involved. I have enjoyed
working with them and will continue to engage them going forward.”

Elliot S.

Owner

“Experienced in helping smaller and mid-sized behavioral health businesses create value in the
sale of their company.”

Agency

Owner

"I was nervous going into this 30 day evaluation, but your consultant team truly captured the full picture - our needs, who we are, and especially the heart behind what we do. The real value was in the outline showing how we can fix our problems. I felt like I had something concrete to work from, which is exactly what I needed."

David & Melissa L., Owners

Owners

“Jacob and his team were amazing to work with, even through a chaotic time. We met him at a
conference and knew we wanted him to sell our business — he knew the real players in the
market. Through state legislative changes and a global pandemic, we ended up in the best
possible situation, sold to the company we wanted, for a price that exceeded our expectations.
Jacob stayed on top of it from beginning to end and had our back.”

Jason B.

Owner

“My partners and I used Jacob to facilitate the sale of our business. He was helpful from
beginning to end, guiding us through finding buyers all the way through negotiations and final
closing. Our expectations were exceeded.”

Dr. Alicia M. 

Owner

“Jacob worked diligently through the process of listing and selling our business. He was
supportive and put up with a lot of questions and uncertain situations. GREAT to work with — I
would recommend anyone selling, or thinking about selling, to reach out. A GREAT asset.”

Rob G.

Owner

“Jacob is impressive. He knows the space and the players, communicates well, identifies and
captures the fit between businesses and translates it to results, and is always eager to learn and
help others.”

Jared H.

Owner

“I have worked with Jacob and his team on multiple transactions and opportunities. They are
professional and market experts. I would highly recommend HCA as consultants, advisors, and
fiduciaries on potential opportunities you may have.”

Jesse V.

Owner

“Honest, informed, experienced and supportive experts in evaluating and shepherding a
productive and successful process for a transitioning owner.”

Behavioral Health

CEO

“Lisa's team felt like the avengers entering the room once we realized what they could do; help was finally here! I've worked with many consultants, but their team approach and skill level is what really blew me away.”

Derik B.

Owner

“I extend my warmest recommendation for Jacob Lynch. He represented us in the sale of my
company with the highest degree of professionalism. His calm, steady, and candid demeanor
brings a controlled tone to the transaction, and he provides objective analysis of every issue. I
highly endorse Jacob and his firm, and will be using his services in the sale of my other
company.”

Jared H.

Chief Legal & Compliance Officer

“Working with Jacob and his team was a first-class experience. They helped us find an optimal
partner, which led to a successful transaction. Jacob was always available, willing, and able to
assist in moving the deal forward. We reached our desired goal in a very timely manner.”

Taek K.

Owner

“I strongly recommend Jacob. He has high integrity, is transparent, troubleshoots well, and
works quickly. I always take his calls with priority because he has not once wasted my time.”

Carolyn H.

Owner

“The consultant team at HCA has been amazing. I've worked with Lisa, Leah and Michelle, who
helped me with preparation for going to market, optimizing my business and modernizing my
marketing practices. They have been very pleasant to work with and extremely knowledgeable
and strategic with our plans. Highly recommend!”

Humberto B.

Owner

“Jacob and team are great to work with. They quarterbacked a complex transaction of some of
our SUD facilities and were instrumental in ensuring we got what we wanted. I highly
recommend his firm for any transactions.”

Richard P.

Owner

“I have worked with Jacob in the past. He is knowledgeable, professional, friendly and very
helpful. He knows this market.”

Mental Health

Founder

"The HCA consultant team has been amazing. They've helped me to optimize, modernize, and prepare for going to market in a way that makes good sense to me. I tell them every week how lucky I am to have found them."

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Insights & Resources

Insights for Behavioral Health Founders and Investors.

Frequently Asked Questions

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Confidentially Explore Your Options Before You Make A Major Decision

Whether you’re considering a sale, exploring acquisitions, or simply want clarity on your strategic options,
we’d be glad to have an honest, confidential conversation. No pressure. No obligation. Just useful perspective from people who know this industry.

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