Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Psychiatric Centers at San Diego (“PCSD”) on its sale to Mindpath Health, a leading independent U.S. provider of outpatient behavioral health services.
PCSD is a leading provider of outpatient behavioral health services with over 124 providers working across eight locations in Southern California. The group has operated in Southern California since 1972 and offers a multidisciplinary clinical approach utilizing state of the art treatment modalities such as psychopharmacology, individual, couples, family and group therapy.
Mindpath Health is a leading independent provider of outpatient behavioral health services with a national footprint covering patients coast to coast. Mindpath Health offers patients a range of treatments and modalities, including psychiatry, psychotherapy, psychological testing and transcranial magnetic stimulation to improve patient outcomes.
“The combination allows both companies to further promote their collective mission of increasing patient accessibility to high-quality behavioral healthcare. This partnership is truly a win-win,” said Kevin Cable, Managing Director in Cascadia’s Healthcare Group.
“The behavioral health industry has continued to change at a rapid pace and the shareholders saw a compelling opportunity to join a preeminent platform in the space,” added Chris Morache, CEO of PCSD. “Cascadia did a great job positioning PCSD to garner the attention of the highest quality behavioral health providers. We greatly look forward to partnering with Mindpath Health to further promote our collective vision of providing greater access to high quality behavioral healthcare.”
The acquisition represents another successful transaction for Cascadia in the healthcare services sector. Recent client transactions within the healthcare services sector include the sales of Utah Fertility Center, Nevada Center for Reproductive Medicine, Nevada Fertility Center and Pacific Northwest Fertility to Ivy Fertility, and the sales of Reproductive Partners Medical Group and San Diego Fertility Center to InTandem Capital.
For more information about this transaction please contact:
Other senior members of the Cascadia Healthcare team include:
Senior Vice President