NEW YORK–(BUSINESS WIRE)–MTS
Health Investors, LLC (“MTS”), the New York-based healthcare private
equity firm, announced that funds managed by MTS have completed a
recapitalization of Trumpet Behavioral Health, LLC (“Trumpet” or the
“Company”). Trumpet is a leading provider of behavioral health services,
specializing in the treatment of children, adolescents, and adults with
Autism Spectrum Disorder (“ASD”) and developmental disabilities, using
the principles of Applied Behavior Analysis (“ABA”). Trumpet’s ABA
therapy is delivered by therapists under the supervision of Board
Certified Behavior Analysts. The Company currently has over 950 team
members, providing therapy in over 25 locations across 8 states.
MTS has partnered with Trumpet’s existing senior management team to
recapitalize the business and to provide additional capital to support
future growth. Terms of the transaction were not disclosed.
Lani Fritts, Trumpet’s Chief Executive Officer, commented, “MTS’s
investment, coupled with their operational resources and deep
understanding of Autism and healthcare services, will be incredibly
valuable as we continue to expand and enhance our services. Our
partnership with MTS represents an important milestone in helping us
live our mission and values every day and positively impact the
individuals we serve.”
“We are thrilled to be partnering with Trumpet’s talented leadership
team,” said CJ Burnes, Principal with MTS. “The Trumpet team has built a
clear market leader in ABA therapy with a national reputation for
providing the highest level of clinical care. We look forward to
supporting the Company’s continued growth.”
MTS Senior Managing Director, Oliver T. Moses, said, “MTS has spent a
significant amount of time evaluating the autism landscape and is
pleased to be investing in a market that has tremendous tailwinds and
that is improving the lives of children. We feel fortunate to be
partnering with a premier platform with an exceptional clinical record
in this dynamic industry. MTS’s investment in Trumpet is emblematic of
MTS’s strategy to proactively identify market leaders in targeted health
care industry sectors.”
Triple-Tree acted as financial advisor to Trumpet. Bartlit Beck Herman
Palenchar & Scott LLP acted as legal advisor to Trumpet, and McDermott
Will & Emery LLP acted as legal advisor to MTS.
About Trumpet Behavioral Health
Trumpet Behavioral Health offers evidenced-based behavioral health
services to children and adults with Autism Spectrum Disorder and other
developmental disabilities based on the principles of Applied Behavior
Analysis. A team of over 950 passionate and highly-skilled individuals,
including numerous Ph.D. and Masters-level Board Certified Behavior
Analysts and Board Certified Assistant Behavior Analysts, provides
center-based, school-based and in-home services throughout Arizona,
California, Colorado, Hawaii, Illinois, Kansas, Ohio and Texas. For more
information please visit www.TBH.com.
MTS Health Investors, LLC (“MTS”) makes equity investments in companies
that operate within the services sectors of the healthcare industry. We
focus on companies with profitable business models and a demonstrated
ability to deliver cost-effective solutions. MTS manages over $700
million in investments and is currently investing out of its fourth
fund. We are based in New York City and invest in companies throughout
the United States.
For more information, please email us at firstname.lastname@example.org.
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Caroline Luz, 203-656-2829