January 15, 2010
GREENWICH, CT and SANTA PAULA, CA – Great Point Partners, LLC, a Greenwich-based private investment firm focused on the health care industry, announced today the growth recapitalization of Pacific Child & Family Associates, LLC (“Pacific Child”). Founded in 1988 and headquartered in Santa Paula, CA Pacific Child is a leading provider of applied behavior analysis (“ABA”) services to children with autism and other related disorders in the Western United States.
The Company administers ABA therapy and supervision, the most comprehensive and most effective approach to improving the lives of persons with autism and their families. Pacific Child’s methods are grounded in an appreciation for the most current research and are scientifically-based. The Company works from within the broad spectrum of applied behavior analytic techniques, employing empirically validated approaches as needed by the autistic child. The Company’s curriculum includes skills required for success in school, social relationships, and the acquisition of language skills.
As part of their investment, Great Point Managing Directors Adam B. Dolder, Dr. Jeffrey R. Jay, and Vice President Noah F. Rhodes, III will join Pacific Child’s Board of Directors along with Dr. Ira Heilveil, Pacific Child’s founder and CEO.
“From our initial conversation, Great Point Partners demonstrated a clear command of the autism services business”, said Dr. Heilveil, CEO of Pacific Child. “We looked at bringing on various partners but selected Great Point based on their extensive work within the industry, their pre-identified expansion opportunities, and the strength and guidance they can provide as we look to execute on an accelerated growth plan.”
“We are excited to be Dr. Heilveil’s partner and look forward to building upon the strong foundation he and his team have laid at Pacific Child,” said Adam Dolder of Great Point. Furthermore, he added, “We spent an extensive amount of time understanding the autism industry and reviewing different companies in which to invest, but each time we came back to Pacific Child given the Company’s differentiation, clinical expertise, and positive outcomes the Company helps children and families achieve.”
About Pacific Child & Family Associates
Founded in 1988, Pacific Child and Family Associates (“Pacific Child”) offers applied behavior analysis and other services for children and adults with autism and other developmental disabilities. Pacific Child is committed to providing the highest quality, scientifically validated services, built on a foundation of respect for those we serve. The cornerstones Pacific Child’s work include family involvement, collaboration with other professionals, recruiting and retaining qualified staff and ensuring their success by providing the highest level of ongoing education and training. The Company currently has nine offices in California and offices in Texas and New Mexico, and is providing services throughout the world.
About Great Point Partners, LLC
Great Point Partners, LLC is a leading health care investment firm with approximately $400 million of equity capital under management. Great Point has provided growth equity, recapitalization and management buyout financing to more than 100 health care companies. Currently, the Firm manages capital in both public equity and private equity funds. Both the private and public funds invest across all sectors of the health care industry including biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and workers compensation. You can find more about Great Point at 203-971-3300. www.gppfunds.com
This document is intended solely to provide information regarding Great Point Partners’ potential financing capabilities for prospective portfolio companies.