What CARD Will and Won’t Do as It Looks Past Its First Year Post-Bankruptcy
Behavioral Health Business October 11, 2024
Doreen Granpeesheh has spent the last year pruning out and grafting in strategies and plans at the Center for Autism & Related Disorders (CARD).
One thing for certain won’t be grafted back in: private equity.
Granpeesheh and her business partner acquired the company she founded in 1990 through a bankruptcy proceeding in August 2023. During a fireside chat at Behavioral Health Business’ INVEST 2024 conference, Granpeesheh told audience members that she would reinvest the company’s cash into new centers and avoid putting more debt on the company.
That strategy would be a return to form for CARD.
“I had no debt when I did the previous round of clinics,” Granpeesheh said. “I had built every clinic with our cash....