Cathay Capital Launches Ascendia Autism Care ABA Platform
The founding affiliate operates 20 centers across 8 states and has a clinical team of over 400, though the launch release does not name it. The plan calls for new centers in…
Private Equity in ABA
Hundreds of autism centers acquired by private equity in a decade — and counting. We track the funds, sponsors, and rollups remaking ABA, founder buybacks after platform collapses, and new state oversight laws for 2026. For clinic owners, dealmakers, and BCBAs inside investor-backed platforms. Read with business and policy.
Leonard Green’s Stepping Stones Rolled Up School-Based ABA
The company places BCBAs and therapists directly in school districts, sidestepping Medicaid’s fee schedules, visit-verification rules, and clawbacks.
What ABA Founders Who Sold to Roll-Ups Actually Got
Much of the price in a boom-era sale was paper, not cash. As multiples reset from their 2021 peak and some platforms faltered, rollover equity and earnouts are worth far less than…
Havencrest Puts Apara Autism Centers Up for Sale
Piper Sandler is running the auction for the Texas-based platform, the latest in a wave of ABA exits as sponsors past their hold windows test a market that has rewarded scale and…
ABA Auction Block Fills as a Family Office Buys InBloom
Apara Autism hit the market June 1, joining 360 Behavioral Health, Mosaic Pediatric Therapy and Butterfly Effects in a queue of scaled platforms seeking buyers. The $75 million Elysium deal shows who…
Who Is Buying ABA Now: Three PE Playbooks Behind the Autism Roll-Ups
General Atlantic, GTCR, and Gryphon Investors each own a national ABA platform, and each is buying differently. For autism providers fielding offers, the PE firm signals what the path forward will be…
Middle Market PE and Venture Capital Explore Rural Therapy-Care Deserts. Is ABA Next Their Next Frontier?
Private equity acquired 500 autism therapy centers in a decade, nearly all in urban markets. Half of U.S. counties are still without a BCBA. As investors eye rural behavioral health, the question…
JoyBridge Kids Buys Two NC Clinics, Opens First Adult Line
The Frontline-backed pediatric platform takes over two former A Bridge to Achievement sites and plans an Adult Daily Living program, its first step beyond children’s services.
Gryphon-Backed LEARN Acquires Little Leaves From FullBloom
The May 11 deal puts Florida on LEARN’s map for the first time and pulls FullBloom out of direct ABA delivery, narrowing the American Securities portfolio toward K-12 education and school-based mental…
JoyBridge Expands Southeast ABA Clinics to 24 Locations
Backed by Frontline Healthcare, JoyBridge Kids grows from one clinic to a robust platform across three states, enhancing its service offerings.
Goldman Sachs Quietly Shapes ABA Landscape with CSD-BCI Deal
The tuck-in acquisition of Behavior Change Institute signals a strategic shift in ABA consolidation as industry focus shifts to smaller transactions.
Nautic Partners Divests Its 100-Location Behavioral Health Network
The Providence-based private equity firm is selling its diversified behavioral health platform, which includes nearly 100 locations across the East Coast.
Autism Learning Partners Closes Texas Centers, Expands in California
The company shuttered five Texas locations due to low Medicaid rates, opening three new centers in California just days later.
Aquitaine Capital Invests in Oklahoma’s Growing ABA Therapy Market
The investment in KidsChoice aims to enhance multimodality therapy in a state with limited autism service coverage and high growth potential.
Granpeesheh Resurrects CARD After $600 Million Collapse
After Blackstone's costly acquisition and subsequent bankruptcy, founder Dr. Doreen Granpeesheh reclaimed CARD for $48.5 million.
Behavioral Framework Expands with Autism ETC Acquisition
The deal marks a significant move into new markets, signaling renewed M&A activity among private equity-backed ABA providers.
Havencrest and Apara Target Texas for ABA Growth Surge
Apara Autism Centers expands its Texas footprint through strategic acquisitions, positioning itself in the second-largest ABA market for future growth.
Leavitt Equity Partners Expands PE Reach into Multi-Specialty Therapy
The partnership with Pediatrics Plus marks a shift in private equity's focus, integrating ABA with other pediatric therapies.
Private Equity Acquires Over 500 Autism Centers in Ten Years
A new study reveals the rapid expansion of private equity in autism therapy, mapping 574 centers across 42 states and detailing future implications.
A Diagnosis, a Mission, and a $400 Million Bet: How Lighthouse Autism Center Became the Midwest’s Leading ABA Provider — and Why It’s Just Getting Started
Gregg and Sandy Maggioli founded Lighthouse Autism Center in 2012 after their son's autism diagnosis led them through Indiana's near-empty early intervention landscape. Twelve years and two private equity rounds later —…
Three BCBAs, One City, 25 Years: How Behavioral Innovations Built a 100-Clinic Empire That Almost Nobody Outside Texas Has Heard Of
In 2000, Billy Edwards, Carla Edwards, and Lori Russo opened Dallas-Fort Worth's first ABA consultation office. They were among the earliest Board Certified Behavior Analysts in the country, and they had a…
How Ali Satvat Convinced KKR to Bet $5.45 Billion on the Most Underserved Patients in America
The architect of KKR's Health Care Strategic Growth platform launched BlueSprig Pediatrics with a blank check and a conviction that the autism therapy sector was where private capital could do the most…