October 22, 2013
GREENWICH, CT and GLENDALE, CA — Pacific Child & Family Associates (“PCFA”), a Great Point Partners I, L.P. (“GPP”) portfolio company and a leading provider of applied behavior analysis (“ABA”) and other services for children and adults with autism spectrum disorders (“ASD”), today announced that it has acquired Autism Intervention Specialists (“AIS”), a premier ABA provider located in Worcester, Massachusetts.
AIS provides services to clients in the northeastern U.S. and has been rapidly expanding since inception due to its reputation for high quality services. AIS also offers complementary therapies, such as social skills groups and community based programs. The acquisition will allow Pacific Child to extend its geographical presence, as well as provide additional services to augment its clinical capabilities. AIS’ senior management team, led by President and Founder Nassim Auode, Executive Director Tenney Hajnal, and Regional Clinical Director Dr. Jeffrey Skowron, will continue to play an integral role in management of the combined entity going forward. Great Point Partners also welcomed Scopia Windmill Fund, LP (“SWF”) as a co-investor in this transaction. David Wittels, Head of Private Equity of SWF’s investment manager, Scopia Capital Management LLC, is also a member of Autism Speaks’ National Board of Directors, and brings to PCFA a wealth of experience in the field of autism services and advocacy.
Mark Dorenfeld, Chief Executive of Pacific Child commented, “Our acquisition of Autism Intervention Specialists marks a new era for Pacific Child and Family Associates’ network of programs. The AIS clinic model allows us to build upon AIS’s strengths and affords the opportunity to replicate and showcase our interdisciplinary model including speech and language therapy, occupational therapy, and physical therapy. We view this as a time for innovation and an opportunity to be the paragon for the delivery of services to children with Autism Spectrum Disorders and their families.”
This transaction marks the third acquisition that the company has closed since Great Point’s initial investment. PCFA now provides access to over 1,000 therapists in more than 30 states.
About Pacific Child & Family Associates
Headquartered in Glendale, California, Pacific Child & Family Associates is a leading provider of therapy to children with autism spectrum disorders. PCFA’s services include ABA, speech, occupational, and physical therapies. The Company utilizes custom-tailored treatment programs, licensed professionals, and experienced staff to address the unique treatment needs of children with ASD. PCFA provides services in 30 states, with a client base that includes commercial insurance beneficiaries, behavioral health agencies, school districts, private pay clients, and military families. Pacific Child & Family Associates is backed by Great Point Partners, LLC, a leading health care investment firm. Visit www.pacificchildandfamily.com for more information.
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $600 million of equity capital under management. GPP is currently investing from GPP II, which is targeted at $200 million. Great Point manages capital in private and public equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. Both the private and public funds invest across all sectors of the health care industry including biologics and pharmaceutical infrastructure, diagnostics, health care services, hospital outsourcing, information technology, medical devices, specialty pharmaceuticals, and workers compensation. The firm pursues a proactive and proprietary approach to sourcing investments. Reach 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.