White Cloud Therapeutic Services (WCTS) has officially been acquired by St. James RVA, a strategic buyer in the healthcare field.
WCTS is a provider of individual and group mental health services in Williamsburg, Virginia. Founded and led by Dr. Joseph A. Garcia, WCTS serves a diverse client base through in-person and telehealth counseling, offering individual, couples and family therapy.
Viking Mergers & Acquisitions advised Dr. Garcia in the sale. The original press release from June 9, 20225 noted that he was ready to step away from business ownership to focus on individual counseling and personal pursuits.
“I am very pleased with the great buyer Viking found and am confident they are committed to providing excellent care to the WCTS staff and its patients,” said Dr. Garcia.
The press release also noted that the principal of St. James RVA recognized WCTS as a well-run practice with a strong culture in an underserved region. The owner saw an opportunity to align it with his existing companies, creating room for continued growth and new opportunities for the WCTS team. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 51st Behavioral Health Care (BHC) acquisition of the year. There were 70 BHC deals announced during 2024, 84 announced during 2023 and 113 announced during 2022.
