Apogem Capital has led a minority equity investment in Family Care Center, a Denver-based outpatient mental health business backed by Revelstoke Capital Partners. Additional investors also took part in the transaction, which has closed. No financial terms were disclosed.
Revelstoke partner Michael Constantinides said the deal lets the firm "return capital to our limited partners while maintaining our partnership with Family Care Center so that we can continue to open new clinics, hire more providers and increase access to high-quality mental healthcare across America."
Revelstoke partnered with FCC founder and chief medical officer Chuck Weber in December 2020. Since then, the business has grown from four locations in one state to more than 50 across five states, exclusively through new clinic openings. More than 800 providers and more than 1,300 employees support services covering depression, anxiety, PTSD and other mental health conditions, including therapy, psychiatry, transcranial magnetic stimulation and intensive outpatient programming.
The company expects to deliver almost 1 million treatment sessions this year and has treated more than 175,000 patients to date. Revelstoke, a Denver-based firm with approximately $6.5 billion in assets under management, focuses on healthcare services, healthcare technology, and health and wellness. Since its inception in 2013, it has completed 211 acquisitions, including 32 platform companies and 179 add-ons. Jefferies was financial adviser and Winston Taylor International was legal counsel to FCC, while Bass Berry & Sims advised the new equity consortium.
Source: PE Hub · Summarized by HeadlinesBriefing