Link Silicon Valley assists Eugene Therapy, a Large Mental Health Practice sell to Private Equity Group
Eugene Therapy is a west coast based, profitable, growing multi-location mental health practice with both brick and mortar offices and a fast growing tele-health practice.This mature and stable practice has a proven track record of profitability as it continues to grow. The practice has a known and popular brand that is built on a foundation of excellent patient care, comprehensive clinician support and building community for providers interested in a private practice setting, but without the headache of managing administrative operations (marketing, credentialing, insurance billing).
David Jacobs, Transaction Advisor from LINK Silicon Valley steered the deal towards a successful close.Here is Davids take on this transaction.
Founder of Eugene Therapy was burned out after starting the business from scratch and growing it to over 50 employees. He had received cold inquiries from many private equity firms over the years but after spending countless hours talking and providing documents, the deals always fell apart. When I said that I could get him a done deal, he agreed to give it a try.
Within 3 weeks of listing the business, we were actively engaged with over 10 potential buyers. Offers were received from 3 of the interested buyers and he selected his preferred acquirer.
Refresh Mental Health is a private equity backed mental health care provider who supports the mental health community by providing financial backing, business operations and marketing support to the industry leaders in each state of operation. They actively speak with group mental health practices with the goal of achieving rapid growth through an acquisition strategy.
This deal worked out great for both parties. The seller realized his desired price, paid in cash at closing and allowed all of his loyal employees to transition on to the new owner. The seller bought a high quality group practice that is serving as a platform to acquire additional practices within the state of Oregon.
LINK Enterprise is a division of LINK Business, one of the largest and most respected merger and acquisition and business brokerage firms in the world with offices in the United States, New Zealand, Australia, and the Philippines.
LINK Enterprise has completed over 200 successful business transactions in the lower middle market space. Our Silicon Valley office is the technology division that primarily focuses on deals in the following industries Cloud/Enterprise Software (SaaS), IT Services, Technology Staffing, Electronic Products and Manufacturing.
Interested in learning more about how LINK Silicon Valley can help with your exit, please contact us at firstname.lastname@example.org or call us at 925.201.1989.