Rapidly Growing Mental Health Practice Quince Orchard Psychotherapy Teams Up with PE Firm Graham Family Office

Private equity firm Graham Family Office has merged with outpatient behavioral health provider Quince Orchard Psychotherapy. The terms of the deal were not disclosed.

Founded in 2015, the provider offers counseling, cognitive behavioral therapy, psychological assessments, play therapy, teletherapy, virtual group therapy and medication management. It cares for adults, adolescents, children, couples and families.

Last year, Quince Orchard Psychotherapy made the Inc. 5000 list of fastest-growing companies in the nation, ranking 4,776. According to the list, it grew 87%, serving about 800 patients per week. 


“We are excited to partner with the Graham Family Office whose investment will fund our efforts to grow our workforce to meet our thousand client waitlist,” Dr. Carrie Singer, owner of Quince Orchard Psychotherapy, told Behavioral Health Business. “We are also open to adding other similar mental health clinics to our network to build a large, high-quality insurance-based provider group in the DC-MD-VA region where out-of-network practice has unfortunately become the norm. In a time where PE-backed aggregation and consolidation seems to be the only way to get a “seat at the table” in managed care contracting, the opportunity to lead a clinically-oriented growth effort that really values the worth of therapists is our guiding drive.”

The provider currently has two locations, including one in Rockville, Maryland, and one in Frederick, Maryland. It is in-network with Aetna, Blue Cross Blue Shield, Carefirst, Cigna, Medicare, Multiplan and Tricare.

Investor Graham Family Office manages $4 billion in assets and has investments in several health care organizations.


“This partnership aligns with our vision of scaling through technology and delivering innovative solutions to the behavioral health sector,” Justin Head, a partner with Graham Family Office, said in an announcement. “We look forward to working with the Quince team to create a positive impact on the patients and communities they serve, creating value for all stakeholders.”

Despite macroeconomic headwinds, investors have continued to pour money into the mental health sector. In 2022, M&A advisory firm Mertz Taggart reported 177 deals in the behavioral health space. Within behavioral health, the mental health segment saw the most significant deal volume growth, growing by 97% yearly to 116 deals.

Some of the major deals last year included Consonance Capital Partners’s acquisition of youth-focused Embark Behavioral Health; Newport Healthcare’s acquisition of pediatric provider Prairie Care; and ARC Health’s several acquisitions.

While mental health continues to see a healthy amount of deal activity, investors have cooled on autism and IDD investment, with deal volume down by 44%. Deals in addiction treatment have also slowed, with a 35% year-over-year decrease.

Mertz Taggart provided exclusive advisory services in the transaction, representing Quince.

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