Health Connect America (HCA), a provider of behavioral health services in the Southeast, announced Thursday the acquisition of three companies to further grow its platform.
The deals add Georgia HOPE, Pinnacle Family Services Holdings LLC and Healing Educational Alternatives for Deserving Students LLC (HEADS) to Health Connect America’s portfolio, enabling the provider to serve more than 18,000 children and families across seven states.
According to the company, the combined organization will have revenue of over $100 million following the transaction.
“We are pleased to add Georgia HOPE, Pinnacle and HEADS to the Health Connect America family, each of which reinforces our mission-driven culture, while also expanding our existing services into new states,” Health Connect America President and CEO Kristi Chain said in a press release issued by the company.
Headquartered in Franklin, Tennessee, Health Connect America provides services to children and families for behavioral conditions that include conduct disorder, substance use disorder (SUD), autism spectrum disorder and emotional disturbances.
The company is owned by Palladium Equity Partners LLC, which purchased the provider last August.
“We are excited to support Kristi’s growth plan, by helping to execute on an aggressive M&A strategy and, in the process, nearly doubling the size of the Company within the first 5 months of our investment,” Adam Shebitz, a partner with Palladium, said in the press release.
Health Connect America has locations in Tennessee, Alabama, Georgia, Mississippi and Virginia. The provider offers a number of programs such as outpatient and intensive outpatient assistance in all five states as well as peer support services in Alabama, Mississippi and Virginia.
Based in Dalton, Georgia, Georgia HOPE – which is formally known as Family and Children First LLC – works with families and children to provide home- and community-delivered services such as mental health therapy and SUD treatment.
Pinnacle, which is based in Raleigh, North Carolina, specializes in therapeutic foster care and behavioral health services to at-risk youth and their families.
The purchase of Pinnacle will expand Health Connect America’s footprint into two new states, as Pinnacle currently provides services in North Carolina and Florida. The acquisition also gives Health Connect America a license to expand into South Carolina.
Health Connect America is further deepening its reach into Florida with the purchase of Plant City-based HEADS.
HEADS provides trauma therapy to children and families from three central Florida locations surrounding its Plant City homebase. HEADS also provides services to Florida residents on the Gulf Coast with a location in Fort Myers.
“These acquisitions bring a broad array of talented, like-minded industry leaders to an organization that is currently at the vanguard of behavioral health solutions in the region,” Health Connect America Chairman Dean Holland said in the press release.
The financial terms of the transactions were not disclosed.
Companies featured in this article:
Family and Children First, Georgia HOPE, Healing Educational Alternatives for Deserving Students, Health Connect America, Palladium Equity Partners, Pinnacle Family Services
