LifeStance (NASDAQ:LFST) is a $2.3 billion market cap mental health provider with 6,400 clinicians located across 33 U.S. states. The company has grown its clinician base at 18% per year in a behavioral health market forecasted to grow at ~5% per year until 2030. LifeStance trades at a ~23% premium to its peers in the behavioral health industry, despite reporting in its most recent Q3 ’23 report: $188 million in losses over the last twelve months, $482 million in debt and lease obligations and a...