Mintz Team Drives Sale of Mental Health Services Provider
Key Facts
- New England Geriatrics, a provider of comprehensive psychiatric care to geriatric patients and their families for 25 years, was acquired by HealthDrive Corporation
- The acquisition is an important service line expansion for HealthDrive
- The transaction achieved the client’s goal of providing comprehensive, high-quality health services in New England
The Situation
Mental health services provider New England Geriatrics looked to Mintz to lead its sale to HealthDrive Corporation, a portfolio company of Bain Capital Double Impact, LP. HealthDrive is a provider of integrated specialty health care services to residents of long-term care, skilled nursing, and assisted living facilities. Bain Capital Double Impact pursues investments in mission-driven companies to drive measurable social change. Mintz represented Steven P. Marcus in the sale of his business enterprise, New England Geriatrics.
The Outcome
A cross-sectional team of Mintz attorneys from the Health Law, Corporate, Tax, and Litigation practices facilitated the successful acquisition of New England Geriatrics. This is an important expansion for HealthDrive, and the added services are critical to our client’s goal of delivering high-quality psychiatric services to a vulnerable population in New England.
