Atalaya Capital Management, an alternative asset manager focused on private credit and special opportunities investments, exited its investment in The SAILS Group, a provider of residential care homes and other treatment for behaviorally challenged clients, and Patterns Behavioral Services, a national provider of services for children and adults diagnosed with autism and other developmental disabilities.
Atalaya invested in SAILS in 2016, providing the company with the capital needed to help make acquisitions in complementary businesses in Washington and Kansas and purchase and expand Patterns. Following these business combinations, Atalaya partnered with SAILS’s management team to drive expansion of the company’s clinical capabilities and help to improve its operational and financial results. Today, SAILS operates more than 50 homes and residential locations and, with Patterns, serves more than 500 clients nationally.
“What Ihab Shahawi and Vivian El Shahawi built, first in SAILS and then in Patterns, is truly impressive,” Matthew Spiro, managing director at Atalaya Capital Management, said. “Their commitment to providing outstanding clinical outcomes and acute focus on delivering services to a larger community in deep need sparked our excitement to partner with them. We are thrilled to see this vision continue forward under their leadership and, with SAILS’s merger into Redwood Family Care Network, the chance for Ihab and Vivian’s approach to improve even more people’s lives through continued growth.”