NexPhase Acquires Empower Community Care
Acquisition to Accelerate Rapid Evidence-Based Program Adoption and International Expansion for Behavioral Health Enablement Platform
Founded in 2016, Empower is a market-leading, non-provider behavioral health platform that enables public systems and care providers to deliver high-quality, outcome-driven treatment, primarily to at-risk adolescent populations. Through a unique combination of proprietary, clinically validated evidence-based programs, training, consulting, and software tools, Empower equips its customers with the infrastructure and support needed to scale community-based care. Today, the company serves more than 2,000 customers across all 50 U.S. states and more than 35 countries, and has reached over three million families worldwide.
"At Empower, everything we do is rooted in our mission to support vulnerable youth, families, communities, and the systems that care for them," said
"Empower has established a differentiated, go-to platform for public and nonprofit systems seeking proven, cost-effective alternatives to institutional care," said
"We believe deeply in Empower's mission and in the transformative potential of evidence-based, community-rooted care," said
Choate, Hall & Stewart, Gowling WLG, Haynes and Boone, and McDermott Will & Emery served as legal advisors to NexPhase. TripleTree and TM Capital served as financial advisors to Empower, and King & Spalding served as legal advisor.
About Empower Community Care
Empower is a leading global behavioral health organization responsible for distributing evidence-based programs and technologies. With over 120 employees serving more than 2,000 customers across 50 U.S. states and 35+ countries, Empower's mission is to transform the lives of troubled youth, adults, their families and communities. Our companies use scientifically proven treatments, approaches, and tools to improve services and care available to vulnerable populations. Additional information is available at www.empowercommunitycare.com.
About NexPhase Capital
NexPhase Capital is a thematically driven and operationally focused lower middle-market private equity firm that makes control investments in growth-oriented and capital-efficient companies within three distinct industry verticals: healthcare, software, and consumer. NexPhase partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the company's "next phase." The NexPhase team has extensive industry and operational experience and NPC's Partners have invested together for over 15 years. NexPhase has completed over 110 investments, including add-ons, and targets control equity investments between
Media Contacts
Empower:
[email protected]
(678) 250-5063
NexPhase:
212-355-4449
View original content:https://www.prnewswire.com/news-releases/nexphase-acquires-empower-community-care-302506203.html
SOURCE NexPhase Capital
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