MINNEAPOLIS, MN, August 13, 2024 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to The Nexus Group (“Nexus” or the” Company”) on its partnership with Beacon Behavioral Partners (“Beacon”), a portfolio company of Latticework Capital Management. Polsinelli served as legal counsel to Nexus in the transaction. Financial terms were not disclosed.
Nexus, based in Pittsburgh, PA, sets itself apart as a premier mental health facility through its innovative and integrative approach to Treatment Resistant Depression (TRD) and other complex mental health conditions. Its care is delivered by an outstanding team of dedicated clinicians who have received comprehensive training and have strong clinical knowledge that is aligned with evidence-based best practices. Its comprehensive, individualized treatment strategy blends conventional psychiatry and psychotherapy with advanced mind-body techniques. This approach allows Nexus to address diverse challenges, enhancing patient outcomes. Nexus Group’s clinical care is supported by a best-in-class operations team that provides an outstanding environment for patients and providers alike. With Beacon’s operational support, Nexus will be able to provide an even better quality of care and overall patient experience.
Beacon is a leading provider of support services for behavioral health practices. This new partnership marks Beacon’s inaugural expansion in the Northeastern United States to help behavioral health clinics enhance their care across the country. Nexus Group joins 12 Beacon Behavioral Partner groups throughout Arkansas, Florida, Louisiana, Mississippi and Texas. This partnership broadens Beacon’s geographic impact and reflects its commitment to supporting physicians and meeting the increasing demand for exceptional behavioral health care. With plans to continue developing a national presence, Beacon leverages 25 years of expertise to enhance mental health services on a larger scale, impacting communities across the country.
“We’re proud to partner with Beacon, an organization that has proven to be truly exceptional,” says Dr. Greg Thorkelson, founder and CEO of Nexus Group. “Our shared vision of delivering the highest quality, comprehensive and individualized treatment is at the core of this collaboration. We are excited about this new chapter in our development strategy and look forward to working with Beacon’s additional partners to implement best practices across the organization.”
“I’m excited about Beacon’s expansion into the Northeast through our recent partnership with Dr. Thorkelson and his team at Nexus Group, award winning leaders in interventional outpatient psychiatry and a great representative of our clinical values at Beacon,” says Beacon Behavioral Partners CEO Sean Wendell. “Our commitment to enhancing patient care, combined with Nexus Group’s expertise, will significantly improve access to quality care in the region. We look forward to building upon this partnership and continuing our expansion efforts.”
Mark Horvick, Managing Director at Northborne Partners, commented, “It was an honor to work on behalf of Nexus and we look forward to following its and Beacon’s combined continued success.” Regarding Northborne Partner’s and Polsinelli’s involvement, Dr. Greg Thorkelson commented, “With decades of experience, each of Northborne and Polsinelli played crucial roles in facilitating our successful partnership with Beacon.”
About Northborne Partners
Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the healthcare, food & consumer, industrials and business services sectors. It specializes in advising private-equity-owned and closely held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit: https://northborne.com/.
About The Nexus Group
Founded in Pittsburgh, PA, in 2018, Nexus is a leading provider of mental health treatment for children, adolescents and adults. Nexus operates a multi-location footprint with 15+ care providers. For more information, please visit: http://www.thenexusgrouppc.com/.
About Beacon Behavioral Partners
Beacon Behavioral Partners is a growing network of physician-driven psychiatric practices with over 25 years of management experience within the behavioral health industry. Committed to reducing the barriers and burdens that come with owning a private practice, Beacon fully manages administrative responsibilities while allowing practices to maintain clinical autonomy. This approach allows physicians to focus on what they do best – taking care of patients. For more information, please visit:
https://beaconbhpartners.com/
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