August 24, 2011
GREENWICH, CT and Santa Paula, 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 and other developmental disabilities, today announced that it has acquired Autism Services North (“ASN”), a premier ABA network provider in the United States.
Founded in 2008, ASN provides access to approximately 135 Board Certified Behavior Analysts (BCBAs) and an additional 85 behavioral tutors across 25 states and growing. The acquisition of ASN significantly extends PCFA’s already robust service offering to those along the autism spectrum. Following the acquisition, PCFA has the capability to provide value-added, high quality behavioral therapy to its families, children, and referral sources under a variety of operating models. This enables PCFA to continue to be a very flexible partner, structuring and managing program design that best addresses the unique needs of each child and payer served. ASN’s senior management team, led by President and Founder, Paul Eschbach, as well as Director of Operations, Lisa Gibbner, will continue to play an integral role in management of the combined entity going forward.
Dr. Ira Heilveil, PhD, Chief Executive of Pacific Child commented, “The ASN acquisition marks a truly significance step in creating a national presence. We look forward to working with our families to provide greater access to quality care with additional scope and reach across the country.”
This acquisition marks the second acquisition that the company has closed in 2011 and the first strategic acquisition outside of California. Combined, PCFA now provides access to over 1,000 therapists serving over 1,100 children across the United States.
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 fifteen offices in California, Texas, New Mexico, Pennsylvania and Minnesota, and is providing services throughout the world.
About Great Point Partners, LLC
GPP, based in Greenwich, Connecticut, is a leading health care investment firm with approximately $450 million of equity capital under management. The firm manages capital in public and private 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 life sciences, biologics manufacturing, reagents and media, consumer health, generic drugs, health care services, behavioral health, information technology, insurance, medical devices, specialty pharmaceuticals, outsourced hospital services, 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.