InTandem Capital Partners Acquires Turning Point Centers
May 17, 2018
Residential and outpatient treatment centers provide personal attention to individuals seeking recovery from substance abuse and co-occurring mental health symptoms
NEW YORK, NY, May 17, 2018 – InTandem Capital Partners, LLC (“InTandem Capital”), a healthcare services focused private equity firm, announced today that its affiliated fund, InTandem Capital Partners Fund, L.P., has acquired Turning Point Centers, a dually-licensed substance abuse and mental health treatment program with four facilities located in Utah.
Turning Point Centers is a long-standing leader of substance abuse and behavioral health treatment in the Intermountain West. The company is dedicated to addressing behavioral health needs and enhancing treatment quality for adolescents and adults by providing one-on-one care with masters level therapists and staff physicians.
“We are excited to work with investment partners who are savvy healthcare industry experts and understand what it takes to build and manage successful healthcare services companies,” said Chris Mackintosh, Chief Executive Officer of Turning Point Centers. “We believe our collaborative partnership with InTandem will deliver significant value and active support to our Company’s mission, to be a lifelong partner to our patients, providing the resources necessary for them to engage in and sustain successful, long-term recovery.”
Elliot Cooperstone, Managing Partner of InTandem Capital, said, “Chris and his team have done an excellent job building an outcomes-oriented, multimodal system of care utilizing best practices in psychotherapy, medicine, and social support. We are thrilled to partner with such a talented and caring management team. Their 10-year track record of clinical excellence demonstrates their passion and commitment to helping patients maintain a successful, long-term recovery. We look forward to working with Turning Point as they continue to expand their reach in Utah as well as throughout the country.”
InTandem Capital’s goal is to build a leading in-network provider of addiction and mental health services in the United States that addresses the opioid crisis and unmet needs in underserved markets.
About InTandem Capital
InTandem Capital is a private equity firm that invests in and helps accelerate the growth of select healthcare services companies. Its goal is to build excellent businesses of significant value working collaboratively with its management team partners. InTandem is comprised of former business executives and experienced investors, and is uniquely qualified to provide strategic, acquisition and operating expertise to help companies significantly increase their value over time. InTandem provides active support to the management of its portfolio companies directly, and leverages its network of industry executives to augment its capabilities.
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