Espresso Capital provided a $14 million credit facility to MAP Health Management, which will use the funds to scale its business and help fuel its M&A strategy. MAP’s integrated platform is designed to improve outcomes for patients being treated for addictions and other behavioral health illnesses and delivers a range of telehealth services, including virtual peer support, psychiatric care and therapeutic care for patients and their family members.
“There’s an unprecedented need for substance abuse and behavioral health treatment in the United States right now,” Jacob Levenson, founder and CEO of MAP Health Management, said. “We’re excited to use Espresso’s funding to execute our growth strategy so that we can further expand our offerings, provide our patients with the comprehensive services they need and ultimately keep them engaged across the entire care continuum.”
Levenson founded MAP Health Management in 2011 and has more than 20 years of experience in the addiction treatment space. The Levenson family has also been active in the addiction treatment space for three decades, having helped to treat more than 100,000 people through their involvement in various organizations.
“We’ve been extremely impressed with Jacob and his management team,” Steven Michau, executive director of Espresso Capital, said. “Their deep experience and expertise are proving invaluable as they work to bring innovative care solutions to people who need them. We believe they are well positioned to become a leading provider in this very important sector of the healthcare system.”
“The Espresso facility has given us the capital we need to maximize our strategic flexibility as we consider various growth strategies, including additional M&A opportunities,” Levenson said. “Steve and the team have been great to work with. Not only did they take the time to truly understand our business in a way that most lenders don’t, they’ve been highly responsive and have run a great process.”
