M&A Deal Summary

Mindpath Health Acquires MindPath Care Centers

On May 11, 2021, Mindpath Health acquired healthcare services company MindPath Care Centers from River Cities Capital Funds

Acquisition Highlights
  • This is Mindpath Health’s 4th transaction in the Healthcare Services sector.
  • This is Mindpath Health’s 4th transaction in the United States.
  • This is Mindpath Health’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-05-11
Target MindPath Care Centers
Sector Healthcare Services
Buyer(s) Mindpath Health
Sellers(s) River Cities Capital Funds
Deal Type Add-on Acquisition

Target

MindPath Care Centers

Durham, North Carolina, United States
MindPath Care Centers is an outpatient mental and behavioral healthcare services provider. MindPath's 120+ clinicians provide the complete spectrum of psychiatric and psychological therapy services to patients across 36 sites and accept all commercial insurance. As an early adopter of telehealth and Transcranial Magnetic Stimulation (TMS) for treatment-resistant depression and obsessive-compulsive disorder, MindPath has a track record of being an innovative care provider, in addition to being a vital research development partner for clinical trials to the pharmaceutical industry. MindPath Care Centers is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Mindpath Health

Sacramento, California, United States
Category Company
Founded 1995
Sector Healthcare Services
DESCRIPTION

Mindpath Health is a behavioral health practice management company supporting over 40 affiliated psychiatrists practicing in California’s Sacramento, San Joaquin, and Bay Areas. Mindpath Health was founded in 1995 and is based in Sacramento, California.

DEAL STATS #
Overall 4 of 6
Sector (Healthcare Services) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (North Carolina) 1 of 1
Country (United States) 4 of 6
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Harbor Psychologist

Long Beach, California, United States

Harbor Psychologist, Inc. provides a full range of psychiatric and psychological services to adults and children, including mental health evaluations, medication management, therapy/counseling (individual, couples and family), group therapy, Employee Assistance Program, and psychological testing. Harbor Psychologist is based in Long Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Metro NBI

Chandler, Arizona, United States

Metro NBI is a behavioral health provider, that specializes in a full range of psychiatric and psychological services, including medical management, psychological testing, counseling, and TMS (Transcranial Magnetic Stimulation). Metro NBI is based in Chandler, Arizona.

Buy -

Seller(S) 1

SELLER

River Cities Capital Funds

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1994
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.

DEAL STATS #
Overall 7 of 10
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 5 of 8
State (North Carolina) 1 of 1
Country (United States) 7 of 10
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Q’Apel

Fremont, California, United States

Q’Apel is a neurovascular company specializing in developing and commercializing novel access device technology for vascular interventions. Q’Apel was founded in 2016 and is based in Fremont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 DialogTech

Chicago, Illinois, United States

DialogTech is an operator of voice-channel management platform providing insights on customer calls to data-driven organizations. DialogTech was founded in 2005 and is based in Chicago, Illinois.

Sell -
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