Investment Summary

Periscope Equity Invests In Integrated Behavioral Health

On May 8, 2018, private equity firm Periscope Equity invested in healthcare services company Integrated Behavioral Health

Investment Highlights
  • This is Periscope Equity’s 1st transaction in the Healthcare Services sector.
  • This is Periscope Equity’s 5th transaction in the United States.
  • This is Periscope Equity’s 1st transaction in California.

Investment Summary
Date 2018-05-08
Target Integrated Behavioral Health
Sector Healthcare Services
Investor(s) Periscope Equity
Deal Type Growth Capital
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

Integrated Behavioral Health

Costa Mesa, California, United States
Integrated Behavioral Health, Inc. is a pioneer in managed behavioral health and integrated employee assistance programs and services. As a boutique managed care company with a national footprint, IBH partners with employers and health plans to provide clients personalized and customized behavioral health plans with high quality clinical care, uncompromising service to patients, providers and clients with outcomes driven, cost effective care plans. Along with its subsidiaries Reliant Behavioral Health (“RBH”), Quality Health Solutions (“QHS”), American Behavioral Health Benefit Managers (“ABBM”) and CFR EAP Preferred (“CFR”), IBH has successfully managed treatment and benefits for self‐insured employers, medical and disability carriers, and health plans for over 30 years.

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Investor(S) 1

Investor

Periscope Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $50 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 16
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 3 of 7
State (California) 1 of 2
Country (United States) 5 of 16
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Convergent Integrated Systems

Norman, Oklahoma, United States

Convergent Integrated Systems Corp. is a provider of life safety monitoring, notification and emergency call solutions for the assisted living facility sector. CISCOR’s life safety solutions coupled with its operational management capabilities delivers an integrated monitoring, communications, and management system. The Company’s broad suite of services and products includes a patented alarm acknowledgement capability, which enforces individual accountability, minimizes risk of liability, and improves overall operations for facility owners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Inflexxion

Newton, Massachusetts, United States

Inflexxion, Inc. is a healthcare information provider with proprietary SaaS products. The company gathers patient data at addiction, behavioral health and chronic pain treatment centers to produce patient analytics, which provides critical information on drug product usage and risks to its pharmaceutical clients. Inflexxion was founded in 1989 and is based in Newton, Massachusetts.

Sell -
Mergr

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Company

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