ARC Health Acquires Lotus Consulting

ARC Health Acquires Lotus Consulting

ARC Health, a Thurston Group portfolio company, announced its acquisition of Lotus Consulting, PLLC on November 30.  Lotus Consulting is a comprehensive mental health therapy practice in Ann Arbor, Michigan. Founded and led by Ilona Phillips, LMSW, the practice specializes in mindfulness-based wellness and mental health services ranging from mental health assessments for individuals to training, education and healing methodologies for couples and groups. 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... Read More »
Newport Healthcare Acquires PrairieCare

Newport Healthcare Acquires PrairieCare

Newport Healthcare has acquired PrairieCare, a psychiatric health system offering services for all ages including free mental health screenings, clinic services, an inpatient psychiatric hospital, outpatient programs, partial hospitalization programs and residential services.  PrairieCare is based in Minnesota with nine locations across the Twin Cities metro area, Mankato and Rochester. Nashville-based Newport Healthcare offers residential and outpatient treatment programs in 15 metro areas and 11 states. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 93rd Behavioral Health Care transaction of 2022. This compares with 110 Behavioral Health... Read More »
Thrive Healthcare Acquires Harmony Recovery Group

Thrive Healthcare Acquires Harmony Recovery Group

Thrive Healthcare has acquired Harmony Recovery Group. Based in Charlotte, North Carolina, Harmony Recovery Group operates behavioral health treatment facilities, the first of which opened in 2015. Harmony Recovery Group has 10 treatment center locations throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Harmony’s treatment centers are focused on behavioral healthcare programming for mental health and substance abuse as well as dual diagnosis care. Thrive Healthcare is an investment firm with expertise regarding psychiatric hospitals, substance use disorder, mental health, autism and specialty behavioral health. Terms of the deal were not disclosed.... Read More »
Lee Equity Partners Acquires Bradford Health Services

Lee Equity Partners Acquires Bradford Health Services

New York City-based Lee Equity Partners has announced a deal for Bradford Health Services LLC, establishing its presence in the Behavioral Health Care market.  Based in Birmingham, Alabama, Bradford Health is a substance abuse treatment and recovery services provider. Through a network of 40 facilities, Bradford Health offers treatment services across the entire spectrum of acuity, including early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox and transitional living and life skills programming. Lee Equity Partners is purchasing Bradford Health from Centre Partners Management LLC, which invested in Bradford... Read More »
ARC Health Acquires Lotus Consulting

ARC Health Acquires Focus Forward Counseling & Consulting

ARC Health, a Thurston Group portfolio company, has announced the acquisition of Focus Forward Counseling & Consulting, Inc. (FFCC), a multilingual therapy practice with two locations in the Atlanta, Georgia area. This marks ARC Health’s third acquisition of October 2022. Terms of the deal were not disclosed. FFCC’s 27 psychiatrists, psychologists and therapists offer their services in Mandarin, Hindi, Punjabi, Danish, Hebrew, Russian and Spanish. The company provides child and adolescent counseling, LGBTQIA counseling, individual therapy, couples counseling and marriage and family resources. Additionally, they treat anxiety and depressive disorders, substance abuse and trauma... Read More »
Thrive Healthcare Acquires Harmony Recovery Group

Lee Equity Partners Acquires Bradford Health Services

New York-based private equity firm Lee Equity Partners announced its acquisition of a majority ownership interest in Bradford Health Services, a substance use disorder treatment and recovery services provider in Birmingham, Alabama. Lee Equity acquired the company from private equity firm Centre Partners and certain other investors, with Centre Partners maintaining an ongoing equity stake. Terms of the transaction were not disclosed. Will & Emery acted as legal counsel to Lee Equity. Harris Williams and Coker Capital served as advisors and Dechert LLP and Burr Forman LLP acted as legal counsel to Bradford Health. Fifth Third and Comvest provided financing for the transaction. Through a... Read More »