NexPhase Announces Acquisition of Behavior Frontiers

Partnership to Support Company's Deeply Experienced Existing Leadership Team and Thoughtful Execution of Expansion Roadmap

NEW YORK, May 5, 2025 /PRNewswire/ -- NexPhase Capital, LP ("NexPhase" or "NPC"), a thematically driven and operationally focused private equity firm, today announced the acquisition of Behavior Frontiers, a leading provider of Applied Behavior Analysis ("ABA") treatment services for individuals with autism and other special needs. Terms of the transaction were not disclosed.

Behavior Frontiers was founded in 2004 by its CEO Helen Mader to bring consistent, high-quality care backed by cutting-edge research and data-driven practices to individuals with autism across all age groups, with a particular emphasis on early intervention care for children between the ages of 3 to 6 years old. Today, the company operates 26 centers and provides home-based care across 12 states, helping thousands of patients and their families through the creation and provision of comprehensive and individualized ABA treatment programs. The company's daily operations are supported by its proprietary software, PrioraCare, a clinically focused practice management platform designed specifically for the delivery of ABA services.

"We are excited to be partnering with Helen and the incredible team she has built at Behavior Frontiers, which has brought transformative care to thousands of children and families over the past two decades," said Andy Kieffer, Partner at NexPhase. "NexPhase has tremendous conviction in this business and its potential to serve more families in existing and new markets across the country. We look forward to leveraging our resources and significant experience working alongside leading ABA providers to help Behavior Frontiers continue delivering on its mission to provide personalized care for every child—one milestone at a time."

"This is an important milestone for Behavior Frontiers and a testament to the commitment of our management team and clinicians," said Mrs. Mader. "We are thrilled to be partnering with Andy and the NexPhase team, whose resources and demonstrated ability to advance healthcare and ABA businesses will be critical assets for Behavior Frontiers as we continue to execute on our mission. We have worked tirelessly to develop our unique center- and home-based care model, all supported by our PrioraCare technology, and we are confident that it can be scaled and brought to dozens of new markets—without compromising the high-quality, individualized care on which our patients rely. Together, we look forward to making our vision a reality and supporting more people and families across the country."

NexPhase has a strong track record of investing in and driving sustainable, long-term growth at companies across the autism therapy, healthcare, and software development sectors. NexPhase Operating Partners Barbara B. Hill, a seasoned healthcare executive who has served as the CEO of multiple national healthcare services companies, and John King, who brings significant leadership experience across the healthcare and software sectors, will work closely with the Behavior Frontiers team to support the company's continued growth.

Following the close of the transaction, Behavior Frontiers will continue to be run by its current management team.

About Behavior Frontiers
Behavior Frontiers is a leading provider of ABA treatment services for individuals with autism and other special needs. With a commitment to clinical quality, innovation, and access, the company serves clients through home- and center-based models across the United States. For more information, please visit www.behaviorfrontiers.com. 

About NexPhase Capital
NexPhase Capital is a thematically driven and operationally focused lower middle-market private equity firm that makes 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 100 investments, including add-ons, and targets equity investments between $40 million and $150 million. Since inception, NexPhase has raised and managed approximately $2.6 billion of capital. For more information, please visit www.NexPhase.com.

Contacts

Media:
Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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SOURCE NexPhase Capital