Industry News • January 24, 2018
DALLAS & NASHVILLE, Tenn.–(BUSINESS WIRE)–Pharos Capital Group, LLC (“Pharos”), through its Family Treatment Network platform (“FTN”), has acquired Behavior Care Specialists (“BCS”), based in Sioux Falls, SD, the firm announced today. BCS is an outpatient treatment provider of autism spectrum disorder services based on the principles of Applied Behavior Analysis (ABA), serving 140 children across four states. Additional terms of the transaction were not disclosed.
Pharos Capital’s Family Treatment Network Acquires Behavior Care Specialists, autism treatment provider
Pharos established its Family Treatment Network platform to manage its investments in special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families. In 2016, FTN acquired Logan River Academy, a Logan, Utah-based adolescent treatment center serving adolescents with a wide range of behavioral and emotional issues, including autism spectrum disorders.
Alison Hulshof, founder and CEO of BCS, and members of her management team will continue to lead BCS going forward as a division of FTN, and Ms. Hulshof will also become a shareholder of FTN in conjunction with the transaction. In addition, Ed Irby, a longtime behavioral health and special education executive who heads the FTN platform, will continue to serve as Chairman of FTN and lead the company’s strategic and growth initiatives.
“The acquisition of Behavior Care Specialists is a logical step as Pharos continues to expand its portfolio of behavioral health companies,” said Jim Phillips, Partner at Pharos. “The BCS model adds an early-childhood focused component to FTN’s platform of services and has tremendous potential for further growth.”
Mr. Irby added, “The need for specialized behavioral care treatment continues to increase, especially among children. It has been proven that early intervention makes an enormous difference in the treatment of autism disorders in particular, and we believe Alison and her team are leaders in producing successful outcomes for families.”
Ms. Hulshof commented, “We are excited to be working with Ed and the Pharos team. We are confident they share our vision of providing high quality treatment services, tailored to individual and family needs, in a caring environment.”
The Braff Group served as exclusive merger and acquisition advisor for Behavior Care Specialists, Inc.
This article originally appeared in an article on Business Wire.