• ARC Health is a group of mental healthcare practices
• Vince MoIra serves as CEO of ARC Health
• Chicago-based Thurston Group invests in the healthcare and related business services sectors
ARC Health, which is backed by Thurston Group, has acquired The Lilac Center, a mental health care provider group with four locations in Kansas and Missouri. No financial terms were disclosed.
The Lilac Center was founded in 2000 by Amy Tibbitts and Tony Tibbitts.
ARC Health CEO Vince Morra said the addition of the Lilac Center and their focus on DBT “fills a need by providing additional resources and another path for individuals and families suffering with mental illness. Amy and Tony are great additions to the team.”
Formed in 2021, ARC Health is a group of mental healthcare practices. The group has practices, psychiatrists, psychologists, and therapists in Connecticut, Georgia, Michigan, Minnesota, New York, North Carolina, Ohio, Tennessee, Virginia, and Washington, D.C. The addition of the Lilac Center adds Kansas and Missouri to the list.
Chicago-based Thurston Group invests in the healthcare and related business services sectors. Over its 37-year history, Thurston Group has returned more than $4 billion of invested capital.
In 2023, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
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