SOC Telemed Acquires Forefront Telecare
Herndon, Virginia-based SOC Telemed, a national provider of specialty acute care telemedicine services, announced on September 1 its acquisition of Hamilton Township, New Jersey-based Forefront Telecare. The transaction expands SOC Telemed’s behavioral health offering, provider network and clinical capabilities. In conjunction with the acquisition, SOC Telemed is being renamed Access TeleCare. Forefront Telecare will operate as an Access TeleCare company focused on behavioral health. MTS Health Partners, L.P. served as financial advisor and Sheppard Mullin served as legal counsel to Forefront Telecare. Kirkland & Ellis LLP served as legal advisor to SOC Telemed. Forefront Telecare is a... Read More »
LifePoint Health Subsidiary Acquires Springstone
LifePoint Health and Springstone announced on August 29 they have entered into a definitive agreement for a subsidiary of LifePoint to acquire a majority ownership interest in Springstone, which has 18 behavioral health hospitals and 35 outpatient locations across nine states. The transaction is expected to be finalized in early 2023. Medical Properties Trust will continue to own a majority of Springstone’s real estate locations and retain its minority stake in Springstone’s operating company. Barclays and Goldman Sachs served as financial advisors to LifePoint Health. Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to LifePoint Health. Bradley... Read More »
BrightView Health Acquires Column Health in 2nd Acquisition of 2022
BrightView Health, a Cincinnati-based outpatient addiction treatment provider, has acquired Arlington, Massachusetts-based Column Health, which operates a network of 12 community-based outpatient mental health and addiction clinics throughout Massachusetts and Connecticut. Terms of the deal were not disclosed. Founded in 2016, Column Health provides mental health and substance use disorder treatment-related services, including medication-assisted treatment, psychotherapy, integrated lab testing, detoxification and medication management. It serves more than 4,000 patients in New England. Founded in 2014, BrightView Health operates 64 locations in Ohio, Delaware, Kentucky, Virginia, North... Read More »
The Stepping Stones Group Acquires CBEST in 3rd Deal of 2022
The Stepping Stones Group, a national provider of therapeutic, behavioral, autism, nursing and educational services for children in school, home and community settings, acquired the Center for Behavioral, Educational, and Social Therapies (CBEST) in the Los Angeles area. Hexagon Capital Alliance, a middle-market investment banking firm providing mergers & acquisitions, capital raise and strategic advisory services, represented CBEST in the transaction. Established in 2002, CBEST provides behavior therapy for students who have neurodevelopmental and/or emotional disorders such as autism spectrum disorder, attention deficit/hyperactivity disorder, speech/language issues and specific... Read More »
Greenbrook TMS Acquires Success TMS
Greenbrook TMS Inc., a leading provider of Transcranial Magnetic Stimulation (TMS) therapy in the United States, announced that its wholly-owned subsidiary, TMS NeuroHealth Centers Inc., will acquire all the issued and outstanding equity interests in Success TMS from its parent company, Success Behavioral Holdings LLC. TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. The purchase price for the acquisition is valued at approximately $27.3 million, of which approximately $20.5 million will be payable on closing of the acquisition and $6.8 million will be held in an escrow account following determination of... Read More »Schedule a demo
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