Frontline Healthcare Partners and Rogers Clayton partnered to recapitalize and pump growth capital into JoyBridge Kids.
JoyBridge Kids, a Mount Juliet, Tennessee-based youth applied behavioral analysis practice, now plans to expand into other states. It plans to open new offices in Bentwood, Hendersonville and Murfreesboro, Tennessee in 2022.
Chryssy Moor, founder of Florida Autism Center, will serve as the lead independent board director for JoyBridge following the investment.
Rogers Clayton founded JoyBridge Kids in June 2020. It focuses on clinic-based early intervention while providing integrated care.
“Right from the initial meeting with Frontline, I realized I had found a firm that took our values and strategy to heart, which could also provide the resources, connections, and capital to grow,” Clayton said in the release.
The release doesn’t disclose how much Frontline Healthcare Partners invested in JoyBridge Kids. A request for more information has not yet been returned.
This is the second youth behavioral health firm that Frontline Healthcare Partners has invested in. A month ago , Frontline Healthcare Partners announced an investment to facilitate the national expansion of San Jose, California-based Bay Area Clinical Associates. The firm’s website lists Bay Area Clinical Associates and JoyBrdige as its only two portfolio companies.
Frontline Healthcare Partners exclusively invests “in lower middle market, distributed healthcare businesses,” according to the company’s website. It emphasizes investment in provider-based clinical services and management support organizations, business services and technology and other value-added services to the health care industry.
Frontline’s website also specifies that it targets investments in businesses with $1 to $5 million in EBITDA. It also targets investments with strong control rights “aimed at supporting experienced management teams to execute on a differentiated business model with attractive growth opportunities.”
This isn’t the only pediatric mental health provider raising money. In March Brightline, a virtual behavioral health provider, scored $105 million in Series C funding. The company offers care to patients with autism, ADHD, and other behavioral health conditions.
Additionally, Elemy, which provides virtual and in-home care for children, raised $219 million in Series B funding in 2021.
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