HCAP Partners, a California-based private equity firm and impact investor, made a follow-on investment in AMFM Healthcare, a provider of intensive mental health treatment. The funding will help support employee development and engagement programs as the company expands operations in San Diego and Washington, DC. In addition, Tim Bubnack, managing partner at HCAP Partners, will join AMFM’s board of directors, while Bhairvee Shavdia, principal at HCAP Partners, will join as a board observer. Terms of the investment were not disclosed.
“We are pleased to work with a management team that has built a highly professional yet family-oriented behavioral healthcare company with ethical standards at the forefront of their industry,” Bubnack said. “AMFM’s multidisciplinary approach to patient treatment, combined with a core focus on strengthening individuals, family and their community, is aligned with our investment strategy and mission at HCAP.”
“AMFM Healthcare has a simple mission: change lives for the better,” Ted Guastello, AMFM chief strategy officer for AMFM Healthcare, said. “This investment reflects our shared goal of doing good while doing well. Having a capital partner in HCAP that is mission-oriented allows us to operate in a manner that considers not only financial performance but also total impact. Tim’s and Bhairvee’s expertise and understanding of the growth process for businesses and their network of industry experts makes them a tremendous asset to our board.”
