Enhanced Healthcare Partners invests in NeuroPsychiatric Hospitals
Enhanced Healthcare Partners (EHP), a healthcare-focused private equity firm specialising in middle-market healthcare services businesses, has made an investment in NeuroPsychiatric Hospitals (NPH), a provider of integrated healthcare for patients with acute psychiatric disorders and complex medical and neurological disorders.
Founded in 2006, NPH utilises an integrated model of care supported by an interdisciplinary team of healthcare practitioners to ensure the diverse needs of each of their patients are addressed. Unlike the traditional hospital emergency room or a psychiatric care facility where the clinical staff is not equipped to care for patients with both psychiatric and medical issues, NPH’s clinical staff have expertise across multiple disciplines including psychiatric, behavioural, neurological, and medical disorders.
The funding from EHP will be used to advance NPH’s expansion efforts and strategic objectives. NPH currently has four locations in Indiana and plans to open additional hospitals in Arizona and Texas during the second half of 2020. EHP will partner with NPH Founder and CEO Cameron Gilbert, PhD, at this inflection point, and together they will continue to build upon NPH’s platform designed to meet the needs of this significantly underserved psychiatric and medical patient population. EHP and NPH have plans for further expansion nationwide.
“We are excited to partner with EHP as we accelerate our growth and expansion efforts. EHP has deep experience scaling healthcare organisations that have demonstrated the ability to care for highly acute patient populations, which aligns with our core mission,” says NPH Founder and CEO Cameron Gilbert, PhD. “We see the ability to continue to improve patient care and reduce hospital readmissions, while geographically expanding our company’s reach.”
“NPH’s ability to comprehensively address the needs of patients with complex behavioural and medical needs is compelling, especially since these patients often do not have other options for care. By using a patient-centred model, the company delivers best-in-class outcomes for their patients, which aligns well with our experience and furthers our excitement about this partnership,” says EHP Principal Brandon Einstein, MD.
NPH was advised by Cantor Fitzgerald. Terms of the transaction have not been disclosed.