Thurston Group-Backed ARC Health Acquires Denver Wellness Associates
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.... Read More »
Thurston Group-Backed ARC Health Acquires Positive Change Counseling Center
ARC Health, a Thurston Group portfolio company, has announced the acquisition of California-based Positive Change Counseling Center (PCCC). According to data captured in the LevinPro HC database, this acquisition marks the 25th Behavioral Health Care acquisition of the year, and the seventh in the counseling specialty. PCCC is a leading mental health practice in the San Diego and Ventura MSAs. Founded in 2006, PCCC has grown into four clinic locations, offering both in-person therapy and telehealth services. 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... Read More »
CorticaCare acquires Springtide Child Development and Melmed Center
CorticaCare announced on April 18th that it acquired two Behavioral Health Care (BHC) organizations: Springtide Child Development and Melmed Center. Springtide Child Development offers family-centered, collaborative care for children with developmental delays and disabilities. Its services include ABA, speech, occupational and physical therapies. It has three locations in Connecticut and three in Massachusetts. Melmed Center provides a compassionate, state of the art approach to the assessment and treatment of behavioral, educational and developmental challenges in children and adults up to the age of 21 years old. CorticaCare’s doctors provide diagnoses for autism, ADHD,... Read More »
Merakey Acquires Elwyn, Creating a $1 Billion Company
On March 28, Merakey announced that it was merging with Elwyn, creating an entity with approximately $1 billion in annual revenue. The merger will create a company with a 12,000-person workforce caring for 55,000 individuals in 16 states. The new company will focus on delivering holistic care and coordinating physical, behavioral and educational services for people with IDD. Elwyn is a Media, Pennsylvania-based provider that offers education, treatment and supportive services to children and adults with autism and IDD. Founded in 1852, the provider currently operates in eight states. The company reported approximately $385 million in revenue in 2022. Merakey is a leading... Read More »
Skyrocketing Investor Interest Driving Behavioral Health Real Estate Industry
Andrew Sfreddo of Blueprint Offers Insights For Investors The behavioral health market has surged in recent years. A rise in patients seeking mental health services coupled with an increase in access has transformed the sector, especially from an M&A perspective. In 2012, there were 17 deal announcements, mostly carried out by Acadia Healthcare Company, Inc., one of the largest publicly traded providers in the industry. Fast forward to 2022 when there were 108 deal announcements, with private equity-backed platforms, health systems, and managed care companies driving much of the activity. Most of these deals have focused on the operators and providers in the space, with scarce... Read More »Schedule a demo
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