Buyer: Abry Partners Investments
Seller: Lighthouse Autism Center
Sector: Behavioral Health
Lighthouse Autism Center receives Abry Partners Investment
Lighthouse Autism Center (“Lighthouse” or the “Company”), a leading provider of center-based, Applied Behavioral Analysis (“ABA”) therapy, today announced a strategic investment from Abry Partners, a Boston-based private equity firm. The transaction closed in early October. Terms were not disclosed.
The investment will allow Lighthouse to accelerate geographic expansion and to bring additional services to children with autism. It will also support Lighthouse’s continued focus on driving strong clinical quality and leveraging technology to better track and utilize data to enhance outcomes. “I couldn’t be more excited about the partnership with Abry,” said Gregg Maggioli,
Lighthouse’s co-founder and CEO. “We now have access to the capital and the operational support that will enable us to expand our footprint, and more importantly, enhance the quality of autism treatment to our clients and their families. Further, Abry’s approach and focus on clinical quality aligns perfectly with the mission and values that Lighthouse was founded upon.” Nick Scola, Principal at Abry, commented, “Lighthouse represents an ideal investment for Abry. Gregg and his team have built a special company with a strong clinical foundation that is poised for significant growth. We look forward to expanding the Lighthouse platform and investing in the people and technology that will further enhance clinical quality and drive positive outcomes.”
The investment in Lighthouse represents the latest platform in the continuation of Abry’s ealthcare investment strategy, following recent investments in US Dermatology Partners, FastMed Urgent Care and North American Dental Group, LLC.
What does this transaction mean for the strategic options for your healthcare business?
Contact Paragon Ventures for more information. www.paragonventures.com 800-719-1555