Behavioral Health Business May 16, 2022
Greenbrook TMS Inc. (NASDAQ:GBNH) is set to acquire Transcranial Magnetic Stimulation (TMS) company Success TMS. As part of the deal Success’ owners will receive 11.9 million shares of Greenbrook’s stock, worth roughly $27.3 million.
Greenbrook will pick up 45 active TMS centers as part of the acquisition, bringing its total footprint to 191 active TMS centers. It will also add new states to its geographical footprint including Illinois, New Jersey, Nevada, Pennsylvania and Wisconsin. The deal is expected to build its physician network in these additional states, according to a press release.
“This acquisition should allow us to continue to expand our national footprint of TMS centers throughout the United States,” Bill Leonard, President and Chief Executive Officer of Greenbrook,...
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