NewSpring Invests in Prosperity Behavioral Health
March 16, 2023
NewSpring’s healthcare strategy has invested in Prosperity Behavioral Health, a technology-enabled business process outsourcing provider for behavioral health treatment facilities. Prosperity will use the capital to invest in technology, expand service lines and the team, and pursue strategic acquisitions to grow its national footprint; Michelle Mullany was named CEO as part of the transaction.
- Buyers
- NewSpring
- Targets
- Prosperity Behavioral Health
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Prosperity Behavioral Health Acquires Elevated Billing Solutions
February 14, 2023
Healthcare Services
Prosperity Behavioral Health, a Cherry Hill, New Jersey-based provider of financial and revenue-cycle services for behavioral health facilities, has acquired Elevated Billing Solutions, a Utah-based revenue-cycle management firm serving behavioral health providers. The add-on expands Prosperity's service offerings and client base as it continues growth following NewSpring Capital's investment in 2022.
-
Discovery Behavioral Health Acquires Prosperity Wellness Center
December 28, 2020
Healthcare Services
Discovery Behavioral Health has acquired Prosperity Wellness Center, a 40-bed adult residential facility in Tacoma, Washington that specializes in substance use disorder treatment. The facility is the tenth brand added to Discovery’s portfolio as the company expands its network of residential and outpatient behavioral health services to increase access to care.
-
Health Enterprise Partners Makes Strategic Investment in Proven Behavior Solutions
April 12, 2022
Healthcare Services
Health Enterprise Partners (HEP) has made a strategic growth investment in Proven Behavior Solutions, an autism spectrum disorder (ASD) treatment provider based in Norwell, Massachusetts. The capital will support Proven's clinical program expansion, hiring, and geographic growth across New England; founders Scott and Lindsey Snider will remain in their current roles.
-
NewSpring Healthcare and TT Capital Partners Invest in MacroHealth
June 10, 2020
Healthcare Services
NewSpring Healthcare, the dedicated healthcare strategy of NewSpring, has invested in MacroHealth Solutions in partnership with TT Capital Partners. The growth investment will fund MacroHealth's technology and operations expansion to accelerate product development, engineering hires, and go-to-market efforts for its enterprise health-market-as-a-service platform.
-
NewSpring Invests in Mangrove Management Partners
October 20, 2021
Healthcare Services
NewSpring Healthcare led a Series B / growth investment in Mangrove Management Partners, joined by co-investors Wells Fargo Strategic Capital and Dr. Robert Bessler. The capital will be used to expand Mangrove's vascular practice management platform across the Northeast and to scale its technology, data analytics, and clinical capabilities.
-
VSS and NewSpring Invest in BRC Recovery and Form BRC Healthcare
April 9, 2020
Healthcare Services
Private equity firms Veronis Suhler Stevenson (VSS) and NewSpring Health Capital completed an investment in BRC Recovery Family of Programs and helped form a new holding company, BRC Healthcare, to serve as the platform for the BRC programs and future acquisitions. Headquartered in Austin, Texas, BRC provides residential and outpatient addiction treatment and sober living services; founder Marsha Stone remains with the company and will continue in a leadership role. Financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.