Another private equity firm has thrown its hat in the autism ring. Golden Gate Capital announced its acquisition of Invo Holdings, LLC from The Jordan Company. The Jordan Company and Invo’s management will retain minority ownership stakes in the business.
Invo Holdings, based in Jamison, Pennsylvania, provides a range of multi-disciplinary, research-based therapy services to infants, toddlers and school-aged children with various developmental delays, including autism, in homes, at schools and in community-based centers across 27 states. It 2,500 clinicians include board-certified behavior analysts, registered behavioral technicians, speech-language pathologists, occupational and physical therapists and other professionals.
The Jordan Company acquired Invo from Post Capital Partners in December 2016 through its affiliate, the Wicks Group of Companies. Financial terms were not disclosed in either deal. At that time, Invo was named Invo Healthcare Associates, LLC and served more than 60,000 children annually.
This is Golden Gate’s second healthcare-related acquisition in 2019. In May, the firm paid $1.2 billion for a 51% stake in Ensemble Health Partners, a revenue cycle management company owned by the not-for-profit Bon Secours Mercy Health. Ensemble has more than 3,600 employees and partners with more than 60 hospitals in 30 states.
