Intrepid Investment Bankers LLC (“Intrepid”), a leading middle-market investment bank, announced today that it acted as the exclusive financial advisor to Your Behavioral Health (“YBH” or the “Company”) on its sale to Comvest Partners (“Comvest”).
YBH is a leading regional provider of mental health and addiction treatment services for adults and teens. 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. Together under the YBH platform and the leadership of its visionary founders, Chief Executive Officer Mike Joly and Medical Director Dr. Martha Koo, the three programs provide highly differentiated care across the continuum of behavioral health through a fast-growing footprint that currently includes 17 premier locations across Southern California.
“We strive to provide a wide variety of accessible, high-efficacy behavioral health treatments in a rapidly expanding market with massive unmet needs,” said Mike Joly. “This transaction represents a transformational moment for YBH. Throughout the process, Intrepid demonstrated a clear understanding of our business and industry, effectively told our growth story, and worked tirelessly to deliver an outstanding result that honors and builds upon our legacy. I am thrilled with the outcome they delivered and am excited for the next chapter of YBH under this partnership with Comvest.”
“The team at Intrepid expertly guided us through the transaction process, devoting special attention to thoughtfully articulate our market positioning and family of programs that are truly unique in the market,” added Dr. Martha Koo. “With their impressive knowledge of the investor universe and strong appreciation for our clinical differentiation, they helped deliver an amazing partner and transaction outcome for us.”
Comvest is an operationally focused private investment firm that provides equity and debt capital to well-positioned middle-market companies throughout North America. Today, Comvest manages more than $9.3 billion in assets, and has invested over $11 billion since inception.
“Mike, Martha, and the YBH team have stood out as pioneers in the Southern California behavioral health market as they built a unique suite of clinically respected programs. Their passion, drive, and commitment to innovation and patient wellbeing have been key forces behind their success amidst strong tailwinds in mental health and addiction treatment,” said Adam Abramowitz, Managing Director and Head of Healthcare at Intrepid. “We are proud to have represented Mike, Martha, and the YBH platform in this landmark transaction and are eager to see what they will accomplish in the future with Comvest’s support, as they expand to help communities across Southern California and beyond.”
Watch a video interview with the YBH founders and Intrepid below.