Behavioral Health Business May 31, 2024
Addison, Texas-based Behavioral Innovations has a new private equity backer: Tenex Capital Management.
The New York City-based firm acquired the company for about $300 million, commanding a valuation in the high teens, according to a report by Mergermarkets. Autism Business News has heard rumblings for months that Behavioral Innovations was looking for a sale.
The Chicago-based private equity firm Shore Capital Partners previously backed the company. Shore invested in Behavioral Innovations in 2017. It has also invested in behavioral health companies such as Transformations Care Network, The Stepping Stones Group and BrightView Health.
Shore Capital has declined to comment on the matter. Tenex Capital Management and Behavioral Innovations have not yet responded to a request for comment.
Behavioral Innovations is...
Today's Sponsors
Today's Sponsor