Industry News • April 16, 2018
A local behavioral healthcare company’s ongoing expansion has reached the Peach State.
Richmond-based ncgCare has acquired Grace Harbour Behavioral, a behavioral health services provider based in Peachtree City, Georgia.
The transaction closed March 15. Terms were not disclosed.
The deal adds Grace Harbour’s staff of 60 to ncgCare’s growing network, which last fall extended to West Virginia with the addition of Starlight Behavioral Health Services. That acquisition came one month after ncgCare picked up North Carolina-based Appalachian Community Services.
The firm has been on an acquisition tear of late as it looks to double its size over a five-year span. Other acquisitions in recent years have included Raleigh-Durham-based Turning Point Family Care, Pennsylvania-based Community Alternates and, locally, Southside Richmond-based TSG Services.
Founded in 2006, Grace Harbour provides services including clinical programs, psychological and mental health evaluations, and counseling. The company has served thousands of people in that time, the companies said in a joint release.
NcgCare CEO Frank Viera said the acquisition opens the door to significant expansion in Georgia, where Grace Harbour is licensed and operates five offices.
“We are bringing the experience of how to grow services statewide, so our plans are to invest in the infrastructure in Georgia, to expand in much the same way we did in Virginia,” Viera said.
Started in 1993 as Northern Virginia Counseling Group, ncgCare is the parent entity of Virginia-based National Counseling Group and its subsidiaries.
Its network of providers includes National Counseling Group, Embrace Treatment Foster Care, Avenues to Wellness, Envision Counseling and Turning Point. The network serves thousands of children, adults and families annually with mental health services, foster care and outpatient services through brands that employ more than 1,600 workers.
The company secures its acquisitions with growth capital provided by NewSpring Mezzanine, a small business investment division of Pennsylvania-based NewSpring Capital.
Note: This story has been updated to include comments received after deadline from ncgCare CEO Frank Viera.
This article originally appeared in an article on Richmond BizSense.