A Second Wave of Autism Services Investing

September 30, 2025 | Insights

Few healthcare sectors represent as compelling an opportunity for investors to increase access to care in response to skyrocketing demand as autism services and applied behavioral analysis (ABA). Improved company financial health and a steady rhythm of successful trades at a variety of check sizes has paved the way for accelerated activity in late 2025 and 2026. Despite some reimbursement headwinds, investors are continuing to pursue clinically rigorous, high-quality assets that are well positioned to expand their reach. This “second wave” of ABA investment is characterized by more disciplined growth, tighter operating models, and exploration of emerging care methods and delivery modalities that can improve efficiency, access to care, and clinical quality.

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Note: As ABA’s “second wave” continues to emerge, we are re-publishing this research note, originally released in April 2025, with updated market commentary and reimbursement details.

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    Russell Bryan

    Managing Director

    Phillip Knotts - Bailey & Company

    Phillip Knotts

    Managing Director

    Ben Matz - Bailey & Company

    Ben Matz

    Managing Director

    Rebecca Springer - Bailey & Company

    Rebecca Springer

    Director, Market Development

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