|
| [January 02, 2013] |
 |
H.I.G. Growth Partners Portfolio Company Community Intervention Services Acquires Access Family Services
BOSTON --(Business Wire)--
H.I.G. Growth Partners ("H.I.G."), the dedicated growth capital
investment affiliate of H.I.G. Capital, a leading global private equity
investment firm, is pleased to announce that its portfolio company,
Community Intervention Services, Inc. ("CIS" or the "Company"), has
completed the acquisition of Access Family Services, Inc. ("Access").
CIS was established by H.I.G. in partnership with veteran behavioral
healthcare executive Kevin Sheehan, to acquire, develop and operate a
national network of community-based mental health and substance abuse
treatment programs. Access marks CIS's second acquisition and provides
the Company with a strong regional presence in the Southeast.
Headquartered in Charlotte, NC, Access was founded by Derek Bullard in
1999 and has since grown into a leading provider of community-based
outpatient behavioral health services delivered primarily in the
patient's natural environment as well as through outpatient day
treatment facilities which serve as an alternative learning environment
for children and adolescents who have been unsuccessful in the public
school system due to serious behavioral issues. Over the company's
13-year operating history they have developed a strong reputation for
clinical effectiveness with payors, state agencies, referral sources and
clients. Access currently provides services in 6 markets across North
Carolina, employs a clinical staff of over 100 clinical therapists,
qualified behavioral health professionals and developmental educators
who provided treatmet to well over 1,000 patients in 2012.
"I am very excited about the partnership with both CIS and H.I.G. and
believe that our organization will benefit greatly from their
involvement," said Mr. Bullard. "The strength of the CIS platform as
well as the team's extensive operational expertise and ability to invest
additional capital will enable us to build a leading presence in the
Southeast and significantly expand the delivery of care to our target
patient base."
Kevin Sheehan, CEO of CIS, commented that "Access represents an ideal
acquisition for CIS. Derek and his team have built a great company with
an intense focus on clinical quality and we are confident that we will
be able to partner with them to accelerate growth as we continue to
build CIS's national footprint."
About Community Intervention Services
Community Intervention Services, Inc. ("CIS") was formed to acquire,
develop and operate a national network of community-based mental health
and substance abuse treatment programs. CIS is backed by H.I.G. Growth
Partners and led by its Chief Executive Officer, Kevin Sheehan, the
founder and former Chairman, President and CEO of Youth & Family
Centered Services, Inc. ("YFCS"). YFCS was a national provider of
behavioral health services to infants, children and adolescents
operating across 9 states and provided services daily to over 4,400
patients.
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment
affiliate of H.I.G. Capital, a leading global private equity investment
firm with over $10 billion of capital under management and offices in
Miami, Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in
the U.S., and affiliate offices in London, Hamburg, Madrid and Paris in
Europe as well as Rio de Janeiro in South America. With $500 million of
committed capital, Growth Partners seeks to make both majority and
minority equity investments ranging from $5 million to $30 million in
strong, growth-oriented businesses with between $10 million and $100
million in revenues. Growth Partners considers investments across all
industries, but focuses on certain high-growth sectors where the team
has extensive in-house expertise such as healthcare, technology,
internet and media, consumer products and technology-enabled financial
and business services. Growth Partners strives to work closely with our
management teams to serve as an experienced resource, providing
broad-based strategic, operational, recruiting and financial management
services from a vast in-house team and a substantial network of
third-party relationships. For more information, please refer to the
H.I.G. website at www.HIGgrowth.com.

[ Back To education 's Homepage ]
|