PE-Backed SPG Acquires Two Autism Services Companies
SPG — a portfolio company of Ridgemont Equity Partners and a provider of behavioral health and therapeutic services to children with autism and other disabilities — has added two new autism services companies.
Those include Southern California-based Go2Consult, a speech and language services provider for school districts, and Colorado-based Family Support Center, an applied behavior analysis (ABA) provider.
Financial terms were not disclosed. However, Crescent Direct Lending, BMO Sponsor Finance and Avante Capital Partners provided financing for the transactions.
The deals broaden SPG’s geographic coverage and help provide parents with a single point of care for all the services they and their children may need.
SPG continues to look for deal opportunities and is “actively seeking new partnerships with providers looking to join a growing, well-respected multidisciplinary platform,” according to the press release.
Behavioral Health Group Acquires Center for Treatment & Recovery
Behavioral Health Group has acquired the Center for Treatment & Recovery (CTR), marking the outpatient opioid treatment center’s first location in Rhode Island.
Financial terms of the deal were not released.
Behavioral Health Group (BHG) is a national provider of outpatient treatment for opioid use disorder (OUD). To date, BHG has 71 locations across 15 states.
Based in Pawtucket, Rhode Island, the Center for Treatment & Recovery is the latest addition to BHG’s network. It boasts 23 clinicians and staff members and will change its name to BHG Pawtucket Treatment Center as part of the deal.
Massachusetts IDD Services Nonprofits Finalize Merger
Two Massachusetts nonprofits that support people with intellectual and developmental disabilities (IDD) and autism have officially merged.
Arc of South Norfolk and Lifeworks Inc., both based in the Westwood area, finalized the deal Oct. 1, 2020. The newly created unified agency will be known as Lifeworks.
Financial terms were not disclosed.