Buy-Side Acquisition Advisory
Grow Through Acquisition.
We find and close the facilities that fit your strategy.
The Short Version
What Does BHP Do for Buyers?
Behavioral Health Properties provides buy-side acquisition advisory to behavioral health operators and investors seeking to grow by acquiring existing facilities. BHP sources off-market treatment centers, confirms zoning and permissible levels of care through retained land use counsel, flags potential licensing and Certificate of Need considerations for the operator's diligence, and manages the transaction to close. BHP works exclusively in behavioral health across detox, residential SUD, PHP/IOP, and mental health assets.
You know how to operate. BHP knows how to find and close the right opportunities. Acquisition is faster than building from scratch when the target fits your model, your market, and your license type. BHP focuses on fit, not just availability.
How BHP Supports Acquirers
Off-Market Access.
The best behavioral health facilities are often sold before they are ever listed. BHP's relationships with operators across the sector surface acquisition opportunities early , detox, residential, and outpatient facilities that never reach a public listing.
Zoning Confirmation , at BHP's Expense.
BHP confirms that a site’s zoning supports behavioral health use, and which levels of care a site will actually accommodate, through its contractual relationships with land use and zoning attorneys , and BHP bears that cost. Zoning is one of the most common reasons a behavioral health deal falls apart late, and BHP resolves it up front rather than leaving it to surface in diligence.
Early Issue Flagging.
BHP draws on deep sector familiarity to flag potential Certificate of Need and licensing considerations early, so they can be properly evaluated by the operator's counsel and diligence team. BHP does not render regulatory determinations , CON applicability and licensing outcomes are nuanced, operator-specific, and ultimately part of the buyer's or operator's own diligence , but knowing where to look early can save months and prevent a dead deal.
Strategic Fit Analysis.
BHP evaluates each opportunity against your growth strategy , market gaps, payer mix, referral density, license type , not financial metrics alone. Whether you are building a platform or adding a site, the goal is a facility that fits.
Execution to Close.
From LOI through closing, BHP coordinates diligence, regulatory counsel, and lender introductions to keep the transaction moving on your timeline.
Facility Types We Cover
Detoxification facilities , medically managed and social model
Residential SUD treatment programs , 28-day, long-term, and extended care
Full-continuum platforms , detox through PHP, IOP, and outpatient
Residential mental health programs
Dual diagnosis and co-occurring disorder facilities
Acute psychiatric, eating disorder, and TBI programs (select experience)
Common Questions From Acquirers
How does BHP find off-market behavioral health facilities?
BHP works exclusively in behavioral health and maintains direct relationships with operators across the sector. Many owners considering a sale approach BHP before listing publicly, which gives acquirers early access to opportunities that never reach the open market.
Does BHP confirm that a site's zoning works?
Yes. BHP confirms zoning and permissible levels of care through its retained land use and zoning attorneys, at BHP's own expense. This is one area BHP addresses proactively rather than leaving to later diligence, because zoning problems are a frequent cause of failed behavioral health deals.
Does BHP determine whether a Certificate of Need will transfer?
No. CON applicability and transferability are highly nuanced, depend heavily on operator-specific facts, and are ultimately part of the buyer's and operator's own diligence with qualified counsel. BHP draws on sector familiarity to flag CON considerations early so they can be properly evaluated, but BHP does not render regulatory determinations.
What about licensing?
Licensing outcomes similarly depend on operator-specific circumstances and are confirmed by the operator's diligence and counsel. BHP helps identify where licensing may be tied to the property or otherwise affect a transaction, so those questions get to the right specialists early.
Do you work with both operators and private equity acquirers?
Yes. BHP advises growing operators making direct acquisitions and works with private equity acquirers on the real estate component of platform and add-on deals. See BHP's private equity advisory section for PE-specific support.
Discuss a Property
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Last updated: August 2026