🧠 Behavioral health clinics can appear highly profitable—but valuations unravel if:

• The owner is the only licensed counselor or therapist
• No group practice structure or provider transition plan exists
• Revenue is heavily reliant on insurance with no adjustment for denials or delays
• Addbacks include wellness perks, family payroll, or non-clinical expenses

📌 Mental health services require more than just a full calendar—they need sustainability.