FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that ncgCARE has acquired Starlight Behavioral Health Services. FOCUS represented ncgCARE in the transaction.
ncgCARE, is a national network of provider partners in behavioral healthcare. Started in 1993, ncgCARE has become the largest provider of mental health and substance use treatment services in Virginia. With over 1,500 employees across multiple partner companies, ncgCARE has provided behavioral health services for over 40,000 individuals and families. The ncgCARE partner network currently includes National Counseling Group, Turning Point Family CARE, Avenues to Wellness, Envision Counseling, Embrace TFC, Independent Adult Care Services, Appalachian Community Services and Starlight Behavioral Health Services.
Starlight, headquartered in Huntington, WV and with a staff of more than 180, provides intellectual and developmental disability services to children, adolescents and adults. Since its founding in 2006, Starlight has served hundreds of consumers in supportive settings through community-based services and group homes. Starlight provides a comprehensive array of services to include residential group homes, service coordination, nursing services, assessments and behavioral support planning, person-centered support for individuals and families, and skill-building.
Frank Viera, President & CEO of ncgCARE, commented, “We are thrilled to have the Starlight Behavioral Health team join the expanding ncgCARE network. The opportunity to expand our services into West Virginia, with a local provider that has such a strong reputation was perfect. The state has a need for large scale, full continuum providers, who focus on value and quality services. We hope to be part of the solution in West Virginia to meet those needs. With Starlight, we are getting a strong partner, with a good management team. Both organizations have a strong commitment to improving the lives of individuals, as well as making the work environment as positive as possible. This acquisition was a natural.”
Added Michael McGregor, FOCUS Managing Director, “ncgCARE has grown its array of I/DD services by expanding into a state right next door with a provider that wants to help serve the behavioral health needs of all West Virginians. “
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About FOCUS Investment Banking
With more than three decades of experience, FOCUS Investment Banking is a trusted name in M&A advisory services worldwide. FOCUS works to understand each client’s strategic and financial objectives, craft the best plan to achieve these goals, and deliver success. Whether helping to sell, buy, or raise capital, FOCUS strives to maximize the value of every transaction to the benefit of its clients. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS and its Healthcare and Life Sciences practice, visit www.focusbankers.com/health.