Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Park Bench Group on its acquisition by Elements Behavioral Health.
Based in Northfield, New Jersey, Park Bench Group is a progressive addiction treatment center specializing in therapies for drug and alcohol abuse. Supported by a strong clinical team and client-centered staff, the company’s day treatment/partial care includes psychiatric evaluation and treatment, individual and group counseling, life skills training and family counseling. Continuing client support and treatment is offered through Park Bench’s intensive outpatient program and individualized aftercare program.
Elements Behavioral Health is a family of behavioral health care programs that includes Promises Treatment Centers, The Ranch, The Sexual Recovery Institute, Right Step, Journey Healing Centers, The Sundance Center, Lucida Treatment Center, Clarity Way, COPAC and The Recovery Place. Elements offers comprehensive, innovative treatment for substance abuse, sexual addiction, trauma, eating disorders and other mental health disorders.
Randi Massey, COO and Director of Clinical Services for Park Bench Group said, “This transaction will enable Park Bench to continue its growth momentum. Elements and Park Bench subscribe to the same philosophy of providing a holistic treatment regimen. We look forward to working together to offer a customized treatment program that addresses the emotional, psychological and physical issues of each client.”
John Ferrara, Founder and President of Capstone added, “The behavioral health services industry is experiencing positive change and robust growth due to increased awareness of mental health and substance abuse conditions and treatment options. We expect the market to respond with further M&A activity, as behavioral health providers strategically position themselves to capitalize on these growth opportunities.”