New Story Expands in Ohio with Acquisition of The Learning Spectrum
This week, New Story announced its recent purchase of The Learning Spectrum, an organization offering educational, behavioral and social services in Johnstown, Ohio. The Learning Spectrum provides individualized services to meet the needs of children between the ages of with Autism and related disabilities in and out of the school. Founded in 1997, New Story is a leading provider of special and alternative education and therapeutic services. New Story offers integrated academic and therapeutic programming to children and young adults with autism spectrum disorder, mental illness, emotional and behavioral challenges. Rivermont Schools and Your Life ABA clinics are part of the... Read More »
Behavioral Health Care M&A Deals Decline Amid Construction-Related Inflation, Fed Rate Increases
Market conditions that include rising borrowing costs and increasing construction-related expenses have led those engaged in behavioral health care deals to employ various growth and expansion strategies. Shane Harmon, senior director, behavioral health at Blueprint – Healthcare Real Estate Advisors, is a broker who has had to go well beyond reliance on the typical M&A approach to business. “I would say since Blueprint started their behavioral division, in July of last year, we’ve done 12 transactions [worth] $80 million,” Harmon said. The deals include eight real estate conversions, three sale leasebacks and one business sale. The firm is also working on three other sales.... Read More »
Manhattan Psychology Group Joins ARC Health
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Manhattan Psychology Group (MPG) for an undisclosed price. The transaction was facilitated by Mertz Taggart, a healthcare-focused M&A advisory firm, headquartered in Fort Myers, Florida. Established in 2011, MPG provides comprehensive psychological, behavioral and educational services in the New York City MSA. With more than 200 providers, including clinical psychologists, neuropsychologists, psychotherapists, board-certified behavior analysts and special education teachers, MPG provides wrap-around virtual and in-person support across all settings, including the office, home, school and community. ... Read More »
PE Firm Fulcrum Equity Partners Acquires Defining Wellness Centers
Fulcrum Equity Partners has announced its acquisition of Defining Wellness Centers, a premier drug and alcohol addiction treatment facility located in Mississippi. The strategic investment aims to propel the expansion of Defining Wellness Centers, leveraging Fulcrum’s financial support and industry expertise to broaden its impact in the Mississippi market and beyond. Committed to evidence-based care and empowerment, Defining Wellness Centers provides clients with the tools and support needed to overcome substance use disorders and mental health issues. Fulcrum Equity Partners is an Atlanta-based growth equity firm that invests in healthcare services and B2B tech... Read More »
Bradford Health Services Acquires Vertava Health of Mississippi
Bradford Health Services announced its recent acquisition of Vertava Health of Mississippi. This strategic move marks a significant expansion of Bradford Health Services’ presence in the Southeast. Vertava Health of Mississippi is a comprehensive provider of addiction treatment and mental health services. The company is a resource for individuals in the North Mississippi and Memphis areas seeking comprehensive and compassionate care for substance use issues. Bradford Health Services provides early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox and transitional living and life skills programming... Read More »Schedule a demo
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