Nonprofit network Inperium plans to acquire behavioral health provider Resources for Human Development.

The combined entity is expected to generate roughly $800 million annually.

As part of the deal, which is expected to close in the third quarter of 2024, Inperium will invest in RHD’s services and the pair will combine their administrative operations. Before closing the deal, Inperium will begin to deliver its operational and financial services to RHD.

“I and the other members of the RHD management team look forward with great anticipation to this next chapter in the evolution of this extraordinary nonprofit organization,” Jay Deppeler, interim CEO of RHD, said in a statement. “Inperium is one of the fastest growing nonprofits in America with an impressive record of consistently exceptional performance. Combining the [R]HD and Inperium service networks will enhance the continuum of care for the people we support. I commend and thank the RHD Board for the enormous energy and determination it invested to lead this transformational undertaking to a successful conclusion.”

Philadelphia-based RHD was founded in 1970 and provides services for people with intellectual and developmental disabilities (IDD), as well as those experiencing mental health issues, addiction and homelessness. The provider also specializes in youth development, veteran services and integrated health.

RHD offers residential services, job training, assisted transportation and crisis intervention. It works in Connecticut, Delaware, Florida, Iowa, Louisiana, Massachusetts, Missouri, Nebraska, New Jersey, North Carolina, Pennsylvania, South Dakota and Tennessee.

Inperium’s network includes several other behavioral health providers, including the outpatient psychiatric practice Abraxas Youth and Family Services, psychiatric facilities Alternative Counseling Enterprise, and addiction service provider CORAS Wellness and Behavioral Health.

“Inperium creates opportunities for mission-driven human services providers like [R]HD to grow and innovate by providing them with capital and state-of-the art infrastructure, which in turn enables Inperium’s affiliates to devote all their focus on providing best-in-class supports and services to vulnerable and underserved populations,” Ryan Smith, CEO of Inperium, said in a statement. “Our affiliation with RHD represents a defining moment and a major next step in expanding the scope, scale, and success of the Inperium network. As we approach our tenth year of operations, our affiliation pipeline remains robust, and I expect to announce additional affiliations in the near term including Inperium’s inaugural affiliation on the West Coast.”