Kelso Fund X Acquires Majority Stake in Refresh Mental Health from Lindsay Goldberg

Optum Acquires Refresh Mental Health from Kelso & Company

March 24, 2022

Healthcare Services

Optum, the UnitedHealth Group health-services subsidiary, has acquired Refresh Mental Health from private equity firm Kelso & Company, according to reports and a company statement. The deal (not yet publicly announced in full detail) expands Optum’s behavioral health footprint by adding Refresh’s nationwide network of outpatient mental and substance abuse treatment centers.

Refresh Mental Health Acquires The Center for Eating Disorder Management

March 14, 2016

Healthcare Services

Refresh Mental Health, Inc. has purchased The Center for Eating Disorder Management in Bedford from former owners Laura Clauss and Kathleen Corkery. Approximately 12 employees were retained and Kathleen Corkery will remain as Clinical Director; new ownership intends to maintain and expand eating-disorder outpatient services across New England.

Refresh Mental Health Acquires Cielo House

April 2, 2020

Healthcare Services

Refresh Mental Health has acquired Cielo House, an eating-disorder treatment provider with four facilities in the San Francisco Bay Area, marking Refresh's entry into the West Coast market. Refresh said it will expand Cielo House's teletherapy and telemedicine capabilities following the acquisition.

Kelso & Company Acquires J.S. Held

July 1, 2019

Professional Services

Kelso & Company (via Kelso Fund X) has acquired a majority investment in J.S. Held, a specialty consulting firm focused on insurance claims management and forensic consulting. The transaction transfers ownership from Lovell Minnick Partners to Kelso and positions J.S. Held to pursue further organic and inorganic growth and capability expansion.

PennSpring Capital Acquires Majority Stake in Refresh LED

October 15, 2024

Electrical Services

PennSpring Capital has completed a majority acquisition of Refresh LED, a Mechanicsburg, Pennsylvania-based provider of LED video walls and displays serving houses of worship, universities and commercial clients. Refresh LED founder and CEO Josh Dominguez retains material ownership and will continue to lead the business while PennSpring plans to invest in sales and expand the company's end markets, including education.

Princeton Equity Group Invests in Ellie Mental Health

May 3, 2022

Healthcare Services

Princeton Equity Group has made a strategic growth investment in Ellie Mental Health to support the company’s rapid expansion of corporate clinics and its franchised network across the United States. Ellie, a Mendota Heights, Minnesota-based operator and franchisor of outpatient mental health clinics, will continue to be led by founders Erin Pash and Kyle Keller as it scales clinical capacity and franchise development.