ARC Health, a Thurston Group portfolio company, has announced its expansion in Texas with its latest acquisition. ARC Health will acquire Exult Healthcare, a mental health practice providing comprehensive behavioral health and addiction treatment to residents in McKinney, Texas, as well as Collin, Grayson and Cook counties.
Founded by Dr. Deepika Bhargava, M.D, Exult offers a range of healthcare services tailored to diverse mental health needs. The company’s services include intensive outpatient, psychiatry, therapy, Transcranial Magnetic Stimulation, weight loss management and holistic approaches like mindfulness and yoga.
ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States. ARC was formed in 2021 in partnership with outpatient mental health provider Advanced Recovery Concepts.
Clew Partners originated the transaction and served as buy-side advisor to ARC Health. Financial terms of the deal were not disclosed.
According to the LevinPro HC database, this acquisition represents the 82nd Behavioral Health Care (BHC) transaction of 2023. Additionally, this acquisition marks ARC Health’s 12th transaction of the year. Earlier in December, the company announced the acquisition of Advanced Psychiatric Group in Orlando, Florida for an undisclosed price. In 2022, ARC Health announced six transactions in the BHC space.
