H.I.G.'s CIS adds Access Family Services

Community Intervention Services (CIS) announced the acquisition of Access Family Services (Access) to the H.I.G. Growth Partners’ behavioral health platform in January, 2013. It represents CIS’ second acquisition.  Access is a leading provider of community-based outpatient behavioral health services in 6 North Carolina markets.     The Charlotte-based organization employs a clinical staff of over 100 clinical therapists, qualified behavioral health professionals and developmental educators.  >>Read more

South Bay Mental Health, based in Brockton, MA, was the first CIS acquisition in April, 2012.

Acadia Closer to $2B Goal

Acadia Healthcare Company, provider of behavioral health care in 20 states, just announced plans to add 8 more facilities to its 34 facility network by year-end.  With nearly $400M in planned acquisitions since September, Acadia’s latest two deals increases bed count by 25% and extends its footprint into Ohio.  

As part of the late November deal, Acadia will acquire Behavioral Centers of America (Sellers: Linden Capital Partners, Health Enterprise Partners and Siguler Guff & Co.) and AmiCare Behavioral Centers, each operating four facilities.  Acadia CEO, Joey Jacobs noted in a news release, 

“...We continue to consider additional acquisition opportunities in the fragmented inpatient behavioral health industry." 

Under Jacob's leadership, beginning in 2011, Acadia has grown from 6 to over 40 facilities.  At that time, Jacobs said that the company had potential to generate $2B in revenue from 100 facilities.  Acadia continues to move toward those goals.  >>Read more