Hightop Health Purchases Roots Behavioral Health

Hightop Health Purchases Roots Behavioral Health

Hightop Health announced on February 22 the acquisition of Roots Behavioral Health (RBH) in Austin, Texas. Founded in 2016, RBH is a family-owned behavioral health clinic. RBH offers various evidence-based treatment modalities under one roof including ketamine therapy, psychotherapy and medication management. Backed by private equity firms JLL Partners and SV Health Investors, Hightop Health offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. Brentwood Capital Advisors acted as the exclusive financial advisor to RBH and Polsinelli PC served as Hightop Health’s legal counsel for this transaction. Financial terms of the deal were not... Read More »
Behavioral Health Care M&A Deals Decline Amid Construction-Related Inflation, Fed Rate Increases

Behavioral Health Care M&A Deals Decline Amid Construction-Related Inflation, Fed Rate Increases

Market conditions that include rising borrowing costs and increasing construction-related expenses have led those engaged in behavioral health care deals to employ various growth and expansion strategies. Shane Harmon, senior director, behavioral health at Blueprint – Healthcare Real Estate Advisors, is a broker who has had to go well beyond reliance on the typical M&A approach to business. “I would say since Blueprint started their behavioral division, in July of last year, we’ve done 12 transactions [worth] $80 million,” Harmon said. The deals include eight real estate conversions, three sale leasebacks and one business sale. The firm is also working on three other sales.... Read More »
PE-Backed Hightop Health Acquires Psych Atlanta

PE-Backed Hightop Health Acquires Psych Atlanta

Hightop Health announced its acquisition of Marietta, Georgia-based Psych Atlanta on October 18. According to data captured in the LevinPro HC database, this transaction represents the 62nd Behavioral Health Care (BHC) acquisition of the year. This is a 33% decrease from last year, when there were 92 BHC transactions announced between January 1, 2022, and October 18, 2022.  Psych Atlanta is a mental health practice offering medication management, interventional psychiatry, ketamine, spravato and transcranial magnetic stimulation.  Backed by private equity firms JLL Partners and SV Health Investors, Hightop Health offers an outpatient mental health platform that uses an... Read More »
Sendero Capital and Angelo Gordon Acquire Torrington ASC

Sendero Capital and Angelo Gordon Acquire Torrington ASC

JLL Capital Markets announced that Sendero Capital and Angelo Gordon entered an agreement to acquire a 37,854-square-foot ambulatory surgical center (ASC) and outpatient medical building in Torrington, Connecticut. JLL represented Sendero Capital and Angelo Gordon in the transaction. Financial terms were not disclosed.  The Torrington property is fully leased, with Litchfield Hills Orthopedic as a long-term tenant – with approximately 56% of the building, which includes the Litchfield Hills Surgery Center – as well as endoscopy and physical therapy tenants.  Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston,... Read More »
Thomas Park Investments Acquires Reliant Health Southborough

Thomas Park Investments Acquires Reliant Health Southborough

Thomas Park Investments (TPI) announced that it acquired Reliant Health Southborough, an outpatient medical office building (MOB) through a joint venture with an equity partner. JLL represented the joint venture. The MOB totals 125,000 square feet. The outpatient medical center is anchored by Reliant Medical Group, UMass Memorial and Walgreens. TPI is a private equity real estate firm focused on healthcare real estate within the mid-Atlantic region. The firm was founded in 2019 and offers more than 28 years of commercial real estate experience. It manages nearly 700,000 square feet of medical office capacity. According to data captured in the LevinPro HC database, this transaction... Read More »