The Nord Center Merges with The LCADA Way
The Nord Center announced on January 12 that it was merging with The LCADA Way, in a transaction that will form a $45 million organization. The LCADA Way is a non-profit behavioral health center that treats substance use disorder in Lorain, Ohio. It offers a 24/7 crisis information hotline. The Nord Center is a mental health provider based out of Lorain, Ohio. It provides services for mental health emergencies, sexual assault and behavioral health crises. Once the merger is complete on July 1, 2024, the combined company will employ about 425 people and operates about a dozen locations, according to a news release. The financial terms were not disclosed. ... Read More »
Madison River Capital Makes Strategic Investment Into Senior Care Therapy
Madison River Capital (MRC), a New York-based private equity firm, announced that funds affiliated with MRC have made a strategic investment into Senior Care Therapy. Senior Care Therapy is a provider of patient-centered psychology and mental health services to the geriatric population in sub-acute, long-term care and assisted living communities. The company was founded in 2008 and has grown to be a leading provider of critical mental health services within more than 300 facilities across multiple states. MRC is focused on partnering with founders and building leading businesses across a variety of industries, with a focus on healthcare and industrials. After founding and... Read More »
Exult Healthcare Joins ARC Health
ARC Health, a Thurston Group portfolio company, has announced its expansion in Texas with its latest acquisition. ARC Health will acquire Exult Healthcare, a mental health practice providing comprehensive behavioral health and addiction treatment to residents in McKinney, Texas, as well as Collin, Grayson and Cook counties. Founded by Dr. Deepika Bhargava, M.D, Exult offers a range of healthcare services tailored to diverse mental health needs. The company’s services include intensive outpatient, psychiatry, therapy, Transcranial Magnetic Stimulation, weight loss management and holistic approaches like mindfulness and yoga. ARC Health is a mental health specialty services... Read More »
Nonprofit Hanley Foundation Acquires Origins Behavioral HealthCare
West Palm Beach, Florida-based Hanley Foundation announced that it has acquired Origins Behavioral HealthCare. According to data captured in the LevinPro HC database, this transaction marks the 78th Behavioral Health Care acquisition of 2023, and the 23rd in the substance use disorder specialty. Origins Behavioral HealthCare’s mental health and addiction treatment centers offer comprehensive, evidence-based treatment for adults in Texas and Florida. Hanley Foundation is a nonprofit company providing substance abuse prevention and education programs for parents and caregivers. The agreement encompasses all of Origins’ locations across Texas and Florida, including Hanley Center in West... Read More »