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 for $16 million. 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.
