Please note that assistive links (commonly known as "skip to links") are used throughout this site. These links are not well-supported by some mobile devices. If you are encountering difficulty using these links, please navigate around these links, or access the site on a desktop browser.
Skip to the primary content of this page Skip to the footer of this page
Provident Healthcare Partners Provident Healthcare Partners

Q2 2024 Autism Services Update

Provident Healthcare Partners
Skip to the end of the Expertise Menu

Q2 2024 Autism Services Update

Autism services transaction activity met Q2-2024’s robust expectations with nine transactions closed, led by two secondary buyouts and two platform creations. Most notably, both Caravel Autism Health (“Caravel”) and Behavioral Innovations (“BI”) moved on to their next round of private equity investment, signaling strong investor sentiment and suggesting an active next 12-18 months from an M&A perspective.

More specifically, GTCR acquired Caravel from Frazier Healthcare Partners, who invested initially back in 2018, and Tenex Capital Management acquired BI from Shore Capital Partners, who initially invested in 2017. Despite stagnant reimbursement and ongoing labor challenges, both deals demonstrate investor confidence in a sector that saw a bottleneck in transaction activity over the past 12-18 months. Looking ahead, Provident expects several private equity-backed platforms to go to market given the successful exits of the two previously mentioned platforms and rebounding market sentiment across industry stakeholders. Notable companies currently out to market include Center for Social Dynamics, Journey ABA, and Gersh Autism.

To print and download the full Autism Services Update report, please click below…

[holo_button icon=”/wp-content/uploads/2024/07/Q2-2024-Autism-Services-vF.pdf”” color=”#003561″ target=”blank”]PRINT/DOWNLOAD[/holo_button]