Carolina Partners in Mental HealthCare inks deal to facilitate expansion

A recapitalization transaction and growth capital partnership between River Cities Capital Funds and Carolina Partners in Mental HealthCare (CPMH) to grow the latter’s clinical footprint across North Carolina and beyond has been announced.

CPMH provides outpatient mental and behavioral healthcare services, and the deal with River Cities will facilitate efforts to recruit psychiatrists, nurse practitioners, physician assistants and therapists to join its team of more than 120 mental health professionals, and also enable the acquisition of psychiatric practices.

As part of the deal, Jeff Williams has been appointed CPMH CEO. Previously, Williams was founder and CEO of Clinipace Worldwide, a technology-enabled clinical research organization.

"CPMH is experiencing tremendous demand and growth as payers and large in-patient providers continue to demand more access to higher quality outpatient behavioral healthcare partners,” Williams said in a news release.