MCG Capital Provides $10.1MM to Community Intervention Services
MCG Capital announced it closed two follow-on investments aggregating $10.1 million in Community Intervention Services (CIS) to support its acquisition of Access Family Services and Family Behavioral Resources (FBR). MCG’s investments were subordinated term loans.
CIS was established by H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, in a partnership with behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of community-based mental health and substance abuse treatment programs.
Charlotte, NC-based Access is a provider of community-based outpatient behavioral health services delivered primarily in the patient’s natural environment as well as through outpatient day treatment facilities serving as alternative learning environments for children and adolescents who have been unsuccessful in the public school system due to serious behavioral issues.
Greensburg, PA-based FBR provides a range of outpatient and community-based behavioral health services, specializing in treating children and adolescents with autism spectrum disorders.
“The strength of the CIS team under the direction of Kevin Sheehan and with the support of H.I.G. have combined to build a strong operating platform with a demonstrated history of clinical success and positioned them well to continue to grow within their targeted patient base,” said Bob Marcotte, EVP and managing director of MCG Capital.
MCG Capital is a commercial finance company providing capital and advisory services to middle-market companies throughout the United States.