Teen & Adolescent Behavioral Health

Teen and adolescent behavioral health services have seen a rapid increase in demand coming out of COVID-19. With over two decades investing across multi-site healthcare services, LLR is looking to partner with a youth behavioral health provider to support organic growth and drive improved access to care for those with unmet needs.

Intermediaries working with firms in the behavioral health space should contact Pete Schwartz to discuss relevant opportunities to invest in and support their growth.

We are experiencing a national mental health crisis, especially among our youth. With federal reform on our side, dramatically improved social views on mental health, and capital partners committed to funding the growth of more providers, we have the opportunity to confront this significant and growing unmet need. We’ve been grateful for LLR’s partnership in helping us build out a network of superior hospitals and enhance the quality of life for our patients and their families through compassionate and personalized care.

Steve Page, President and CEO of SUN Behavioral Health

Five Tailwinds Creating Opportunities for Behavioral Health Providers

The Teen & Adolescent Behavioral Health market faces five significant tailwinds:

Shortage of providers

The global behavioral health market is projected to surpass $293 billion by 2032, up from $152 billion in 2022 and expanding at a CAGR of 6.78%.1 There is a large and growing shortage of providers, especially for adolescents and young adults.

Success of holistic treatment

Holistic treatment programs with full continuums of care have proven to drive better outcomes for patients and lower readmissions.

Federal reform

Federal reform is driving increased access to care through expanded behavioral health benefits.

Shifting societal views

Dramatic shifts in societal views have created innovation and focus on behavioral health services.

Impact of the pandemic on mental health

The impacts of COVID-19 and continued uptake of social media have accelerated behavioral health issues among adolescents, with 14% of parents noting worsened mental health among their children at the end of 2020.3

Growing need to focus on Teens & Adolescents

percentage of adolescents with depressive episodes in 2019 vs. 2009
of parents have reported worsened behavioral health for their children
expected shortage of psychiatrists in 2024

See You There?

January 8, 2024
JPM Healthcare Conference
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September 1, 2024
Nashville Healthcare Sessions
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October 9, 2024
Behavioral Health Business Invest Conference
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Meet the LLR Team


  1. “Behavioral Health Market Size – Global Industry Analysis, Trends, Segments, Regional Outlook 2023-2032,” Precedence Research, 2023, https://www.precedenceresearch.com/behavioral-health-market.
  2. Mojtabai R, Olfson M, Han B. “National Trends in the Prevalence and Treatment of Depression in Adolescents and Young Adults,” Pediatrics 2016. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5127071/
  3. Patrick SW, et. al. “Well-being of Parents and Children During the COVID-19 Pandemic: A National Survey,” Pediatrics, 2020, https://pubmed.ncbi.nlm.nih.gov/32709738/
  4. Satiani A, et al. “Projected Workforce of Psychiatrists in the United States: A Population Analysis,” Psychiatr Serv, 2018, https://pubmed.ncbi.nlm.nih.gov/29540118/

The information presented herein is intended for an audience of potential LLR portfolio companies and the intermediaries supporting their capital raise processes. Named LLR investments presented herein do not reflect a complete list of LLR investments and are provided for informational purposes only. Certain statements about LLR made by portfolio company executives and other quoted parties herein are intended to illustrate the work of LLR’s Value Creation Team with such portfolio companies or reflect the individual’s perspective on the featured industry sector. Such portfolio companies are controlled by investment vehicles managed by LLR. Quoted parties were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company or Senior Operating Advisor roles, and in certain cases are also owners of portfolio company securities and/or investors in LLR-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.