Health Connect America Acquires First Home Care, North Star Counseling of Central Florida
Health Connect America, Inc., a portfolio company of Palladium Equity Partners, announced that it has completed the acquisitions of First Home Care and North Star Counseling of Central Florida. These transactions build on Health Connect America’s previous three acquisitions announced in early 2022. Based in Richmond, Virginia, First Home Care is a provider of therapeutic foster care (TFC) programs in four locations throughout Virginia, and in collaboration with Foundations for Home and Community in Washington, D.C. and Maryland. Based in Kissimmee, Florida, North Star Counseling of Central Florida provides behavioral therapy services and targeted case management focusing on children... Read More »
Behavioral Health Care M&A Activity May Continue to Slide in 2023
Mergers and acquisitions activity in the Behavioral Health Care (BHC) sector declined 14% last year compared to the record level of deals recorded in 2021. One industry expert expects a continuation of that trend. “We expect behavioral health deal volume to slow slightly in 2023,” said Steven Grassa, vice president at Provident Healthcare Partners. “Rising interest rates and tight lending markets will likely impact larger transactions [$300 million and higher] more than most lower middle market deals.” According to data captured in the LevinPro HC database, BHC transactions totaled 108 in 2022 after the total reached 125 in 2021. The numbers were 72 in 2020 and 76 in 2019. Only... Read More »
Consonance Capital Partners Acquires Embark Behavioral Health
Consonance Capital Partners has acquired Embark Behavioral Health, which plans to open 60 additional outpatient clinics in the next three years. Embark Behavioral Health retained Jefferies LLC to aid in the sale. Terms of the deal were not disclosed. Embark Behavioral Health operates a network of treatment and therapy programs across the U.S. The company treats patients struggling with anxiety, depression and other mental health conditions. It also offers services treating eating disorders and substance use issues. Embark Behavioral Health operates 27 programs across 40 locations in 15 states. Consonance Capital Partners invests in private companies in the lower middle market of the U.S.... Read More »
ARC Health Acquires Colorado Center for Clinical Excellence
ARC Health, a Thurston Group portfolio company, announced its acquisition of the Colorado Center for Clinical Excellence (CCCE) in Denver. Terms of the deal were not disclosed. CCCE is a mental healthcare provider group offering psychotherapy and group therapy for individuals, couples, adults and adolescents at two locations in the Denver MSA. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the U.S. 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.... Read More »
Apara Autism Center Acquires Autism Learning Collaborative & the Missouri Operations of Early Autism Services
Apara Autism Center, a portfolio company of Dallas-based private equity firm Havencrest Capital Management, announced on January 25 its acquisition of the Autism Learning Collaborative (ALC), as well as the Missouri operations of Early Autism Services (EAS). Terms of both deals were not disclosed. ALC & EAS are clinic- and home-based providers of Applied Behavior Analysis (ABA) therapy services to children and adolescents with Autism Spectrum Disorder (ASD). Apara Autism Centers is a Sugar Land, Texas-based ABA service provider offering clinic- and home-based ABA therapy to children with ASD. According to data captured in the LevinPro HC database, this acquisition marks the seventh and... Read More »Schedule a demo
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