Consonance Capital Partners has acquired Embark Behavioral Health, which plans to open 60 additional outpatient clinics in the next three years. Embark Behavioral Health retained Jefferies LLC to aid in the sale. Terms of the deal were not disclosed.
Embark Behavioral Health operates a network of treatment and therapy programs across the U.S. The company treats patients struggling with anxiety, depression and other mental health conditions. It also offers services treating eating disorders and substance use issues. Embark Behavioral Health operates 27 programs across 40 locations in 15 states.
Consonance Capital Partners invests in private companies in the lower middle market of the U.S. healthcare industry, participating in growth equity, leveraged buyout and recapitalization transactions.
According to data captured in the LevinPro HC database, this acquisition represents the 11th Behavioral Health Care deal of 2023. There were 108 Behavioral Health Care transactions in 2022.
