CM Counsel Management, a leading platform for behavioral health services, has acquired Karner Psychological Associates, an outpatient mental health services provider serving the greater Albany, New York area. Terms of the acquisition were not disclosed.
Karner Psychological Associates’ psychologists, clinical social workers,and licensed mental health counselors provide a range of mental health services for individuals, couples, families, and children. The practice will continue to operate under the Karner Psychological Associates name and its leadership team of Drs. Frank Doberman, Ph.D., and W. Terrence Mooney, Ph.D., will continue to see patients in a clinical capacity.
CM Counsel Management provides financing, business development, and non-clinical business administrative support for behavioral health practices. The firm’s investment will allow Karner Psychological Associates to hire additional clinical staff, expand its mental health services, extend its geographical market area, and upgrade its electronic records software.
Practice specializes in mental health services
Karner Psychological Associates services the greater Albany, NY region from a main location in Guilderland, NY and a second location in Clifton Park, NY. The clinics also see patients virtually via telehealth. The Karner Psychological Associates team currently includes 29 clinicians, social workers, and mental health counselors, supported by seven administrative professionals who may have graduated from schools for psychology programs.
Karner Psychological Associates has more than 37 years of experience in providing care in variety of settings, including therapy for individuals and counseling for couples, families, and adolescents and children. Its services cover the full range of mental health disorders: ADHD, antisocial behavior, anxiety, autism, bipolar disorders, co-dependency, depression, grief, hyperactivity, OCD, phobias, PTSD, and sleep disturbances. The clinical team also provide psychological evaluations and life coach counsel for children’s behavioral problems, family therapy, parenting concerns, sexual identity issues, and trauma.
“Karner Psychological Associates has a distinguished track record of providing critical mental health care for individuals, families, and children in upstate New York,” said Jordan Klear, CM Counsel Management Chairman and CEO. “We will support their work with financing to expand staff, capabilities, and market reach.”
“The pandemic put extra pressure on the already growing need for professional mental health care for our communities,” said Frank Doberman, Karner Psychological Associates co-president. “We look forward to meeting that challenge with the support and guidance of CM Counsel Management,” said Terry Mooney, Karner Psychological Associates co-president.
CM Counsel Management LLC, is led by Chairman and CEO Jordan Klear. The firm manages CM Counsel, Inc., a leading outpatient behavioral health practice with four locations in the Philadelphia area, and Savia Community Counseling Services, LLC in New Jersey, and James Levine & Associates in Massachusetts. CM Counsel Management’s goal is to fuel stable, long-term growth for outpatient behavioral health practices while preserving their core mission and values.
For more information:
Karner Psychological Associates:
Website: https://karnercare.com
LinkedIn: https://www.linkedin.com/company/karner-psychological-assoc
Facebook: https://www.facebook.com/pages/Karner-Psychological-Associates/160821477275319
CM Counsel Management:
Website: https://cmcounselmgt.com
LinkedIn: https://www.linkedin.com/company/cm-counsel
Facebook: https://www.facebook.com/cmcounsel/
The M&A market for healthcare companies continues to strengthen in 2022 ahead of projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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