Munich, Germany-Based neurocare group Acquires Smart TMS
Munich, Germany-based neurocare group AG announced on July 22 the acquisition of Smart TMS in the United Kingdom. According to data captured in the LevinPro HC database, this acquisition represents the 40th Behavioral Health Care transaction of 2024, and the third transaction announced in the transcranial magnetic stimulations provider specialty. Smart TMS is the largest provider of transcranial magnetic stimulation (TMS) treatment in the United Kingdom. Smart TMS operates nine clinics across the United Kingdom and Ireland. Founded in 2015, Smart TMS was a pioneer in using TMS for treating conditions like obsessive-compulsive disorder, addiction and adolescent psychiatry. TMS, a... Read More »
ABA Connect Expands Its Reach With ABA Therapy of Houston Acquisition
ABA Connect announced on July 22 the successful acquisition of ABA Therapy of Houston (ATH). ATH provides applied behavior analysis (ABA) therapy, ABA afterschool program, speech therapy, occupational therapy and free autism screenings to children between the ages of 2-12. BrightPath Health Holdings, LLC, doing buisiness as ABA Connect, is a Texas-based provider of ABA therapy for children and adolescents with autism spectrum disorder. Since its founding in 2013, the company has expanded service offerings to six facilities across the Austin and Houston MSAs. The company is backed by Coral Gables, Florida-based private equity firm MBF Healthcare Partners II, L.P. ABA Connect was formed... Read More »
Braff Group Advises on Sale of Two Companies in Northern Virginia
The Braff Group, a Pittsburgh, Pennsylvania-based M&A advisory firm specializing exclusively in health care services, announced the completion of an acquisition of Community Concepts Inc. and Community Visions LLC by Beacon Specialized Living. Both companies run residential and day support programs in Northern Virginia. Community Concepts provides residential, in-home and day support services to persons with Intellectual/developmental disabilities (I/DDs) in the Northern Virginia area. Founded in 2008, Community Visions provides services, education and advocacy to ensure that people with disabilities direct their own lives. Beacon Specialized Living, a portfolio company of Pharos... Read More »
Substance Use Disorder M&A Market During 1H 2024
The substance use disorder (SUD) specialty is often the most active submarket in the Behavioral Health Care (BHC) sector, and the first half of 2024 was no exception. According to data captured in the LevinPro HC database, 10 SUD deals were announced during the first six months of 2024, making up about 28% of all BHC deals announced during that time. 1H 2024 activity mirrored the activity witnessed in the first half of 2023, when SUD deals comprised 27% of all BHC deals announced. This consistency reflects sustained investor interest in the SUD treatment space. However, a comparison to the first half of 2022 (36% of BHC deals) and 2021 (34% of BHC deals), when SUD deal totals hit 21... Read More »
LITALICO Acquires Developmental Disability Centers of Nebraska for $50 Million
On June 28, LITALICO Inc. announced that it acquired Disability Centers of Nebraska (DDCN) for $50 Million. LITALICO will pay $29.5 million upfront and $20.5 million in an earn-out over three years. DDCN is a Medicaid-certified disability services provider based out of Omaha, Nebraska. It provides care for persons with disabilities and/or behavioral disorders. It was founded in 2015 and has 17 group homes in Nebraska. LITALICO is one of Japan’s largest intellectual and developmental disability (IDD) providers. According to the company’s financial reports, for the first quarter of 2024, LITALICO reported revenue of $7.72 billion. Following the acquisition, LITALICO... Read More »Schedule a demo
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