Financial News

Comvest Partners Announces Acquisition of Your Behavioral Health

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce the acquisition of Your Behavioral Health (the “Company”), a behavioral health services platform based in Torrance, Calif. Your Behavioral Health becomes the 13th healthcare services platform investment by Comvest’s private equity strategy.

Your Behavioral Health is a leading regional provider of mental health and addiction treatment services for adults and teens, with 17 facilities throughout Southern California. The Company provides the full spectrum of clinical inpatient, outpatient, interventional psychiatry, and residential care across its family of brands — which includes Clear Recovery Center, New Life House, and Neuro Wellness Spa — and delivers specialized programs for depression, anxiety, trauma-related issues, addiction and other mental health conditions. Co-founders Mike Joly, Chief Executive Officer, and Dr. Martha Koo, Chief Medical Director, will continue to lead the platform alongside the existing management team.

“Comvest is excited to partner with Your Behavioral Health, an established and long-tenured provider in the rapidly growing behavioral health sector,” said Roger Marrero, a Senior Partner at Comvest. “Mike Joly and Martha Koo are driving forces in innovative treatment modalities, clinical excellence and a holistic continuum-of-care approach in mental health and addiction recovery services. With mental health treatment needs at epidemic levels in the United States, Comvest is pleased to support Your Behavioral Health during its next stage of growth through investments in key technologies and additional outpatient and telehealth services.”

“Your Behavioral Health has achieved impressive growth by providing high quality clinical care through a patient-centric approach,” said Andrew Shear, a Principal at Comvest. “Comvest looks forward to working alongside the management team to expand the Company’s behavioral care network and add treatment locations in existing and new geographical markets.”

“We are thrilled to enter Your Behavioral Health’s next growth chapter with Comvest,” Mr. Joly said. “Comvest brings a demonstrated record of successful founder partnerships as well as meaningful capital and specialized investment and operational expertise from its work scaling other multi-site healthcare services providers.”

Added Dr. Koo: “The Comvest team shares our commitment to delivering best-in-class care for favorable and lasting clinical outcomes. In particular, we look forward to leveraging Comvest’s operational resources to aid strategic investment in Your Behavioral Health’s infrastructure, people and operational processes during a critical period of growth.”

Intrepid Investment Bankers LLC served as financial advisor to Your Behavioral Health in connection with the transaction. Raymond James and Brentwood Capital Advisors served as financial advisors and McDermott Will & Emery served as legal advisor to Comvest in connection with the transaction.

About Your Behavioral Health

Your Behavioral Health is a leading regional behavioral health services platform that provides comprehensive best-in-class services for adults and teens across the continuums of mental health and addiction treatment. Through its state-of-the-art facilities throughout Southern California, expert clinical teams, and pioneering evidence-based and patient-centric approach to care, Your Behavioral Health offers specialized residential, inpatient and outpatient programs for depression, anxiety, trauma-related issues, substance abuse and other mental health conditions. Its family of brands includes Clear Recovery Center, New Life House, and Neuro Wellness Spa. For more information, please visit www.yourbehavioralhealth.com.

About Comvest Partners

Comvest is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages more than $9.3 billion in assets, and has invested over $11 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

“Comvest is excited to partner with Your Behavioral Health, an established and long-tenured provider in the rapidly growing behavioral health sector,” said Roger Marrero, a Senior Partner at Comvest.

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