PE-Backed Acorn Health Sold to Ontario Teachers’ Pension Plan
After launching Acorn Health in October 2018, MBF Healthcare Partners II, L.P. is selling the behavioral health platform in a new deal. The buyer is The Ontario Teachers’ Pension Plan Board (Ontario Teachers), the administrator of Canada’s largest single-profession pension plan. It pays pensions and invests plan assets on behalf of 331,000 retired and working teachers. No terms were disclosed. Acorn Health is an accredited national provider of high-quality applied behavior analysis (ABA) therapy to children with autism spectrum disorder. The company employs approximately 1,200 individuals, serves more than 1,300 families, and operates a network of 51 clinics across seven states, including... Read More »
Autism Care Partners Strikes Another Deal
It’s been a busy summer for Autism Care Partners (APC). Within a month, the PE-backed behavioral health care provider has announced two deals, expanding its presence throughout the New England market. In July, ACP acquired Autism Bridges, a founder-led, New Hampshire-based multi-state autism treatment organization, a first step for the company outside the New York market. Then, last week, ACP added Puddingstone Place, which provides world-renowned programming to enhance communication, support behavioral changes, and improve the overall quality of life for individuals with autism and other developmental disabilities. With this acquisition, ACP becomes one of the largest providers of... Read More »
Health Connect America Gets New PE Sponsor
The New York City-based Palladium Equity Partners has acquired Health Connect America, Inc., a multi-state behavioral health platform, from Harren Equity Partners. No terms were disclosed. Health Connect America is a multi-state behavioral health platform that treats a comprehensive mix of issues including conduct disorder, substance abuse, autism disorders and emotional disturbance. The Tennessee-based company serves communities across the Southeast and is primarily reimbursed by Medicaid-funded payors. Health Connect America’s comprehensive service offering seeks to provide long-term and sustainable relationships with key constituents in its referral and... Read More »
M&A Demand for Substance Abuse Providers Surge
According to the Centers for Disease Control and Prevention, as of June 2020, 13% of Americans reported starting or increasing substance use as a way of coping with stress or emotions related to COVID-19. This uptick in substance abuse appears to be driving the Behavioral Health Care (BHC) deal market with a notable increase in deals targeting substance abuse treatment centers and providers. In the last two months, 77.7% of our BHC deals have involved the purchase of addiction treatment centers — but during the same time period (June through mid-July) in 2020 and 2019, about 56% of the BHC deals included this specific target type. Most recently, BRC Healthcare, a portfolio company of... Read More »