ARC Health, a Thurston Group portfolio company, has announced the acquisition of Denver Wellness Associates (DWA), a mental healthcare provider group located in Denver, Colorado.
Clew Partners originated the transaction and served as buy-side advisor to ARC Health.
Founded by Jeanne Theobald, MD, in 2016, DWA has grown into two clinic locations in the Denver MSA. With a team of more than 20 providers, DWA offers multiple service lines, to include therapy and ketamine services, as well as Transcranial Magnetic Stimulation.
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. The company has more than 320 providers throughout its partner locations nationwide.
The partnership with ARC Health will allow DWA to access additional resources and support to further develop their practice and expand their reach throughout the region. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this represents the 27th Behavioral Health Care (BHC) acquisition of the year, and the fourth in the psychiatric/clinical care specialty. This deal also marks ARC Health’s fourth BHC transaction of 2023. More than a week before, on May 5th, the company announced its acquisition of Positive Change Counseling Center in the San Diego and Ventura, California MSAs.
