Transactions & Financings: Mystery Provider Signs Lease on New Headquarters; Autism Acquisitions

Acorn Health acquires Autism University

Autism Services of Michigan (ACM), an Acorn Health company based in Traverse City, is joining forces with another Wolverine State provider, Macomb-based Autism University.

Under the deal, Autism University will become a wholly-owned subsidiary of Acorn Health. Financial terms were not disclosed.

Acorn Health operates five autism services companies specializing in applied behavioral analysis therapy (ABA). ABA is the preferred method of autism spectrum disorder (ASD) treatment among most behavioral health care workers.

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Acorn Health has locations in Florida, Illinois and Virginia in addition to Michigan. It is a portfolio company of private equity firm MBF Healthcare Partners.

Both MBF and Acorn are based in Coral Gables, Florida.

Behavioral health provider finds new headquarters

An undisclosed behavioral health services provider will lease a 26,500-square-foot space in Cherry Hill, New Jersey, NJBIZ reports.

Financial terms of the lease were not made available.

The future facility, located in the Philadelphia suburb, will become the headquarters for the provider, which works with children and adults.

NAI Mertz, a Mt. Laurel, New Jersey-based commercial real estate developer, represented the provider on the transaction.

Public Health Management Corporation acquires autism center

Public Health Management Corporation (PHMC), a Philadelphia-based public health nonprofit, is the new parent organization of the Center for Autism (CFA), which also calls Philadelphia home.

Founded in 1955, CFA is a nonprofit that bills itself as the nation’s oldest ASD treatment center, providing services throughout the Philadelphia area. 

PHMC has more than 350 programs — including several for mental wellness and addiction treatment — in more than 70 locations throughout the Delaware Valley region.

Two hospitals win contracts for New Hampshire’s opioid response plan

Two New Hampshire hospitals have won contracts to be part of a state-backed program where providers serve as an entry point for addiction treatment resources and services. They will help facilitate the state’s opioid response plan.

Catholic Medical Center, in Manchester, and Southern New Hampshire Health, in Nashua, have been selected by Gov. Chris Sununu to become new participants in the program, called the Doorway.

As a New Hampshire Doorway participant, select hospitals and other providers can make referrals for substance use disorder (SUD) services to various locales in the state.

The Doorway program was specifically designed to address New Hampshire’s opioid abuse crisis, making it easier for individuals to find recovery resources in a state, where remote and rural communities are dominant. New Hampshire currently has nine facilities designated as Doorway providers.

Catholic Medical Center and Southern New Hampshire Health are inheriting Doorway services from Manchester-based behavioral health provider Granite Pathways, whose contract for the program has been cancelled, with the governor saying it failed to adequately connect residents to resources.

The cancellation resulted in Granite Pathways cutting back operating hours at its Manchester location.


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