LifeStance Health Group, Inc. (NasdaqGS:LFST) is looking for acquisitions. Mike Lester, Chief Executive Officer said, "our acquisition pipeline remains very robust with a number of medium to small-sized practices. We've acquired almost everything of any size out there, which has created a little bit of a barrier to entry for a lot of people that are trying to get into the in-person space.

And this really limits the number of new potential competitors. We continue to see the same day-to-day players on some deals. However, in 2021, really, our deals were sourced on a proprietary database with no intermediary auctions.

So we have a 10-person M&A team. We probably have the largest and most accurate database of all the mental health practices in the country. So we feel really good about that".