Community Psychiatry, which provides outpatient behavioral health services at over 40 locations throughout its home state of California, has started to realize its nationwide expansion ambitions with the purchase of Durham, North Carolina-based MindPath Care Centers. The acquisition more than doubles Community Psychiatry’s facility count and establishes its presence in the Southeastern U.S.
Terms of the deal were not disclosed.
Founded in 1994, MindPath Care operates more than 25 locations in North Carolina and South Carolina, providing outpatient mental health care, as well as substance use disorder (SUD) services including medication-assisted treatment (MAT).
Meanwhile, Sacramento-based Community Psychiatry was founded in 1995 and is owned by the private equity firms Centerbridge Partners and Leonard Green & Partners.