H.I.G. Capital News
H.I.G. Growth Partners
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Boston, MA 02116
H.I.G. Growth Partners Portfolio Company Community Intervention Services Acquires Northstar Psychological Services
BOSTON – October 15, 2015 – H.I.G. Growth Partners ("H.I.G."), the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm, is pleased to announce that its portfolio company, Community Intervention Services, Inc. ("CIS" or the "Company"), has completed the acquisition of Northstar Psychological Services, Inc. (“NPS”). CIS was established by H.I.G. in partnership with behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialized behavioral health treatment facilities and programs. NPS marks CIS's seventh acquisition and further expands the Company’s geographic footprint into Georgia.
Headquartered in Alpharetta, GA, NPS was founded in 2000 and has since grown into a leading provider of community-based behavioral health services to individuals and families across Georgia. Over its 15-year operating history NPS has developed a strong reputation for clinical effectiveness with payors, state agencies, school systems and clients. NPS focuses primarily on the child and adolescent population and provides the majority of its services within the home or school environment. NPS currently provides services across 38 counties, employs a clinical staff of over 90, and provided treatment to well over 2,600 patients in 2014.
“I am very excited about the partnership with both CIS and H.I.G. and believe that our organization will benefit greatly from their involvement," said Dr. Chris French, NPS’ founder and CEO. "The strength and depth of the CIS platform and its senior management team will enable us to improve our infrastructure, expand our footprint, and most importantly, impact the lives of more children and their families. Further, the commitment to high quality clinical care that exists at CIS aligns perfectly with the mission and values that NPS was founded upon."
Kevin Sheehan, CEO of CIS, commented that "NPS represents a model acquisition for CIS. Chris and his team have built a great company with an intense focus on clinical quality and improving the lives of a disadvantaged population. We are truly excited about the partnership and are looking forward working with the NPS team to expand the platform and help meet a vastly unmet need for community-based services.”
About Community Intervention Services
Community Intervention Services, Inc. ("CIS") was formed to acquire, develop and operate a national network of specialized, community-based behavioral health programs. Currently, CIS has diversified operations across seven states, employs a clinical and support staff of approximately 3,000, and provides care to well over 50,000 patients/consumers on annual basis. CIS was founded by H.I.G. Growth Partners and Kevin P. Sheehan, CEO.
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $19 billion of equity capital under management.* We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.