HCAP Partners Forms PAX Health Through Acquisition of Behavioral Medicine Associates, Work Comp Psych Net and Reservoir Health

PAX Health Acquires Harris Psychiatric Services

January 27, 2025

Healthcare Services

PAX Health, backed by HCAP Partners and Hamilton Lane, has acquired Harris Psychiatric Services, an outpatient psychiatric practice specializing in care for patients recovering from workplace injuries and motor vehicle accidents. The add-on expands PAX Health’s trauma-related behavioral health and chronic pain management capabilities and aims to improve access and referral pathways for injured workers and accident survivors.

PAX Health Acquires Neuropsychology and Counseling Associates

September 23, 2025

Healthcare Services

PAX Health, a behavioral health platform backed by HCAP Partners and funds managed by Hamilton Lane, has acquired Neuropsychology and Counseling Associates, a New Jersey-based outpatient mental health practice. The add-on expands PAX Health's neuropsychological and memory-support services and strengthens its geographic footprint across New Jersey while preserving the practice's specialized clinical offerings.

PAX Health Acquires Richardson Psychiatric Associates

April 17, 2025

Healthcare Services

PAX Health, a behavioral healthcare platform backed by HCAP Partners and funds managed by Hamilton Lane (Nasdaq: HLNE), has acquired Richardson Psychiatric Associates, an outpatient psychiatric practice based in New Castle, Pennsylvania. The add-on expands PAX Health's mental health services and geographic footprint in Western Pennsylvania, adding expertise in psychiatric evaluations, medication management, and multiple therapeutic modalities.

HCAP Partners Invests in Puzzle Healthcare

December 19, 2025

Healthcare Services

HCAP Partners, a California-based private equity firm, has made a growth investment in Puzzle Healthcare to accelerate scaling of its physiatry-led post-acute care coordination platform. The funding will support Puzzle's expansion of services across skilled nursing facilities and extend its national reach while aiming to reduce hospital readmissions and lower care costs.

PhaseWell Research Acquires Bio Behavioral Health

January 21, 2026

Healthcare Services

PhaseWell Research, a national clinical research site company, announced that Bio Behavioral Health has joined its network to expand access to neuropsychiatric and CNS clinical trials. The deal strengthens PhaseWell's community-based research capabilities and broadens patient access to complex clinical studies across its growing national footprint.

Centerbridge Partners Acquires Community Psychiatry from New Harbor Capital

December 15, 2020

Healthcare Services

New Harbor Capital has sold Community Psychiatry Management, LLC, a Sacramento-based outpatient behavioral health provider, to Centerbridge Partners. Community Psychiatry operates more than 40 clinics and telemedicine services across California with 100+ affiliated psychiatrists and more than 120 behavioral health clinicians; Centerbridge acquires the company to support further geographic expansion and growth.