Friday
Aug242018

Elwyn and Fellowship Health Resources Announce Affiliation

Transaction

Fellowship Health Resources, Inc. ("FHR"), a multi-state provider of behavioral health services, and Elwyn, one of the nation's oldest and largest providers of services to people with disabilities, have entered into a definitive affiliation agreement. Terms of the affiliation agreement were not disclosed but included a transfer of cash to FHR, which established Elwyn as FHR's sole member.

Headquartered in Rhode Island, FHR provides behavioral health services to improve the quality of life for individuals living with mental illness and addictions. FHR operates community-based programs in the states of Delaware, North Carolina, Pennsylvania, Virginia, Rhode Island, Massachusetts and Maine, supporting more than 7,000 individuals. Commenting on the affiliation with Elwyn, FHR's President & CEO Debra M. Paul explained: "The affiliation with Elwyn is the culmination of an extensive, board-directed process intended to advance FHR's mission over the long-term. We're excited to become part of Elwyn and to contribute to its leading role in the nation's behavioral health system of care". Additional information regarding FHR may be found on its website: www.fhr.net

Elwyn's Chief Executive Charles McLister commented: "Our affiliation with FHR expands the footprint of our rapidly growing behavioral health division while presenting new network opportunities to leverage Elwyn's educational, residential and employment services. This transaction is the first of several affiliations we expect to conclude in years ahead as we expand from our current $400 million revenue base". Additional information regarding Elwyn may be found on its website: www.elwyn.org

Monday
Apr302018

Inperium Announces Its First Acquisition of 2018

Transaction

Inperium Inc., which in 2015 became the nation's first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive acquisition agreement with Alternative Consulting Enterprises, Inc ("ACE"), a Reading, PA based provider of licensed outpatient services including telepsychiatry. Terms of the acquisition agreement were not disclosed.

This acquisition was Inperium's first of 2018, after closing six change of control transactions in 2017.

ACE founder and chief executive Stephanie Hunsberger commented: "ACE has strived to offer consumers a full-service approach to care through its outpatient and telepsychiatry offerings. This transaction with Inperium will enable ACE to extend its services to a broader segment of consumers both clinically and geographically".

Inperium Chief Executive Ryan Smith commented regarding this transaction: "This unique transaction will enable Inperium to provide experienced licensed psychiatric services and related therapies to individuals in their homes or nearby satellite office locations using secure, federally approved telecommunication networks. Telepsychiatry offers expanded access to quality psychiatry clinicians that may not be readily available and provides these services in a more relaxed environment."

About Inperium, Inc.

Inperium, Inc. is a private, nonprofit Pennsylvania corporation exempt from federal income taxes pursuant to IRC 501(c)(3). Headquartered in Reading, PA, Inperium's purpose is to conduct programs that improve the quality of life for children and adults with intellectual and/or developmental disabilities or behavioral health needs. Additional information concerning Inperium may be found on its website: www.inperium.org

Wednesday
Nov082017

Inperium and Edison Court Announce Affiliation

Transaction

Inperium Inc., the parent company of Supportive Concepts for Families, Inc., which in 2015 became the nation's first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive affiliation agreement with Edison Court, Inc. Terms of the affiliation agreement were not disclosed but included Edison Court establishing Inperium as the sole member of Edison Court.

Edison Court provides responsive and innovative care to individuals and families facing behavioral and mental health challenges. Commenting on the affiliation with Inperium, Edison Court CEO Jay Deppeler explained: "This transaction enables our organization to extend our continuum of intensive care programs to counties in the Commonwealth in which Inperium has long been a trusted partner."

This affiliation was the second affiliation executed by Inperium, and will increase Inperium's consolidated revenues to more than $60 million annualized. Inperium Chief Executive Ryan Smith commented regarding the affiliation: "Inperium's strategic plan contemplates additional transactions in the Mid-Atlantic region in future periods, with at least one more deal likely to close in Fiscal 2017".

About Inperium, Inc.

Inperium, Inc. is a private, nonprofit Pennsylvania corporation exempt from federal income taxes pursuant to IRC 501(c)(3). Headquartered in Reading, PA, Inperium’s purpose is to conduct programs that improve the quality of life for children and adults with intellectual and/or developmental disabilities or behavioral health needs. Additional information concerning Inperium may be found on its website: www.inperium.org.

About Edison Court, Inc.

Edison Court is a private, nonprofit Pennsylvania corporation exempt from federal income taxes pursuant to IRC 501(c)(3). Edison Court Edison Court offers expert services including intensive residential treatment, community based residential treatment, and community based and other support services to victims of child abuse, domestic violence, or other violent crimes. Additional information concerning Edison Court may be found on its website: www.edisoncourt.com.

 

Wednesday
Mar152017

Oaks and Preferred Announce Affiliation

Transaction

Oaks Integrated Care ("Oaks") has entered into a definitive affiliation agreement with Preferred Behavioral Health of NJ, Inc. ("Preferred"). The affiliation unifies two private, nonprofit health and social service agencies dedicated to serving children, adults and families living with a mental illness, addiction or developmental disability in New Jersey. Affiliating will allow the organizations to expand geographically, strengthen service delivery and maximize efficiencies. Terms of the affiliation agreement were not disclosed but included Preferred establishing Oaks as the sole member of Preferred. Angler West initiated this transaction and provided advisory services pursuant to an agreement with Oaks. 

About Oaks

With consolidated revenues approximating $125 million, over 2,200 employees, and nearly 200 programs serving 42,000 people, Oaks Integrated Care is one of New Jersey's most comprehensive human service providers. Additional information concerning Oaks may be found on its website: http://www.oaksintcare.org 

About Preferred

Preferred provides a comprehensive range of services needed to improve and maintain mental health and healthy lifestyles for children and adults in eight New Jersey counties. Additional information concerning Preferred may be found on its website: http://www.preferredbehavioral.org

Thursday
Jul252013

Woods Resources Announces Affiliation With Archway Programs

Transaction

Woods Resources ("Woods"), one of the nation's largest and best capitalized not-for-profit human services organizations, has entered into a definitive affiliation agreement with The Archway Programs, Inc. and The Archway Programs Foundation, Inc. ("Archway"). 

Pennsylvania-based Woods and its affiliates provide residential, educational, vocational, healthcare and related services to children and adults with developmental disabilities or traumatic brain-injury. Archway operates two special education schools and offers community-based residential and support services to children and adults with behavioral, mental health, emotional, developmental and multiple disabilities in South Jersey.

Terms of the affiliation agreement were not disclosed but included Archway establishing Woods as the sole member of Archway. Notably, the transaction was concluded in just 71 days following the commencement of discussions.

Angler West initiated this transaction and provided advisory services pursuant to an agreement with Woods.

About Woods

Founded in 1913 in suburban Philadelphia, Woods' operations include more than 850 licensed beds, five schools, and extensive vocational and health services in three states. Consolidated annual revenues of Woods approximate $180 million. Additional information concerning Woods may be found on its website: www.woods.org

About Archway

Headquartered in Atco, NJ, Archway has been meeting the special needs of thousands of families spread across communities throughout Southern Jersey since 1965. Annual revenues of Archway's diverse programs approximate $19 million. Additional information concerning Archway may be found on its website: www.archwayprograms.org 

About Angler West Consultants

Angler West is an intermediary that assists public, private and nonprofit clients in the execution of acquisition and divestiture programs involving specialty healthcare and human services organizations. Founded in 1996, Angler West has the transaction experience and industry relationships to help your company grow profitably. To discuss how we can assist in your business development efforts, contact the undersigned.