BRC Recovery Gets Two New PE Owners
Substance abuse treatment is still attracting investors’ attention, even in the COVID-19 pandemic. In April, BRC Recovery Family of Programs, an addiction services provider, received a joint investment from Veronis Suhler Stevenson (VSS) and NewSpring Health Capital. Terms of the deal were not disclosed. The joint investment creates a new platform for addiction treatment, known as BRC Healthcare. The new entity serves as the holding company for the BRC Recovery Family of Programs and future acquisitions. BRC Healthcare provides individualized, gender-specific treatments to adults aged 17 and over with substance use disorders such as alcoholism, drug dependence, and other addiction... Read More »
Caregiver Expands With Four New Providers
The spread of Covid-19 has forced most healthcare companies to hit pause on their M&A activity, especially those in the services sectors. Hospitals are overwhelmed and the Centers for Medicare & Medicaid Services issued guidelines that all elective surgeries, non-essential medical, surgical and dental procedures be delayed, which are likely to stifle physician groups’ revenue flow. However, some companies have proved to be resilient in the pandemic. Caregiver Inc., a behavioral healthcare company, is one example. It provides services to adults with intellectual and developmental disabilities (IDD). Since 2015, Caregiver has expanded rapidly, building its network across... Read More »
Blue Sprig Pediatrics Acquires ABA Providers
BlueSprig Pediatrics, with the backing of KKR & Co. (NYSE: KKR), has been an active player in the M&A field. Since BlueSprig was formed in October 2018, it has reported five behavioral health care transactions in three different states, according to our Deal Search Online database. Now it has a foothold in Florida. Last week the company announced its acquisition of Florida Autism Center and Fusion Autism Center for $120 million. Collectively called FAC, the group provides applied behavior analysis (ABA) therapy services treating children with autism spectrum disorder. This partnership will create a top-five national provider and the leading provider in the southern United States.... Read More »
Cimarron Healthcare Enters Behavioral Health Space
Two private equity firms exited an investment and one dove into it. The target, Ascent Behavioral Health, is a portfolio company of Monroe Capital and Veronis Suhler Stevenson. The Salt Lake City-based company provides wilderness therapy, residential treatment and therapeutic boarding school programs for adolescents with mental health issues such as depression, anxiety and attachment disorders. Financial terms were not disclosed. The buyer, Cimarron Healthcare Capital, which is also based in Salt Lake City, focuses on investments in the lower middle market. Its portfolio consists of AMPS (Advanced Medical Pricing Solutions), a healthcare cost management firm; Linen King, which provides... Read More »
Hot Healthcare Sectors for Investment, Growth & Consolidation in 2020
Every year, starting in November, the crystal balls come out and the prognostications begin. What will the new year bring? Who or what will make out better and who or what will not? We talked with Gary Herschman, a member of Epstein Becker Green’s Healthcare and Life Sciences practice, about the healthcare sectors he and his firm are watching in 2020. Here are their predictions for 2020. Health Care M&A: What do you see as the biggest themes in the healthcare industry this year? There are a lot of moving parts, from the discovery of new drugs to the shifting attention to post-acute care. Gary Herschman: We see three key “drivers” of health industry transformation that are already... Read More »Schedule a demo
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