Palladium acquires behavioral health services firm Health Connect America
Palladium Equity Partners, a middle market private equity firm, has acquired Health Connect America, a behavioral health services platform, from Harren Equity Partners, for an undisclosed price.
Based in Tennessee, Health Connect America is engaged in the treatment of a comprehensive range of issues, which include conduct disorder, autism disorders, substance abuse, and emotional disturbance.
Kristi Shain — President and CEO of Health Connect America said: “We are excited to partner with Palladium Equity Partners in the next stage of our mission-driven growth.
“We see significant opportunity to expand upon our presence in our existing markets as well as near-term expansion in adjacent geographies, of course while always maintaining our core values and relentless prioritization of our clients.”
Health Connect America caters to communities in the Southeast and is reimbursed mainly by Medicaid-funded payors.
Adam Shebitz — a Partner at Palladium Equity Partners said: “We are thrilled to partner with Kristi Shain and her mission and outcomes-driven team which has built a company at the vanguard of community-based behavioral health services.
“We believe there is substantial opportunity to expand the Company’s patient-centric model into new states and service lines through a combination of organic and inorganic growth.”