Behavioral Health Business January 29, 2024
Behavioral health operator Turnbridge is in talks to sell, touting about $15 million of EBITDA.
Turnbridge, which provides mental health and substance use disorder (SUD) care, is pursuing a sale of the company, according to Axios. Investment banking firm Raymond James was hired to lead the sale, sources say.
New Haven, Connecticut-based Turnbridge offers gender-specific inpatient and outpatient programs for children aged 14 to 17 and young adults with SUDs, mental health conditions, or eating disorders in at least four Connecticut locations. It also offers an intensive outpatient after-school program for teens aged 14 to 17.
The company received an undisclosed amount of seed funding from North Castle Partners in 2015, according to Crunchbase. Stonehenge Capital invested in Turnbridge...
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