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PAX Health Acquires Neuropsychology and Counseling Associates, Expanding Comprehensive Mental Health Services Across New Jersey

1. PAX Health acquired Neuropsychology and Counseling Associates enhancing mental health services. 2. Acquisition expands PAX's geographic presence and service offerings in New Jersey. 3. Neuropsychology Associates has over 30 years of experience in mental health treatment. 4. The deal aims to improve access to behavioral healthcare for diverse patient populations. 5. Partnership supported by Hamilton Lane and HCAP Partners focusing on growth strategy.

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FAQ

Why Bullish?

The acquisition by PAX Health signifies strategic growth and potential revenue increase. Historical precedent shows acquisitions in healthcare often lead to stock price appreciation if integrated successfully.

How important is it?

Acquisitions in the healthcare sector significantly impact market positioning and revenue-generation capability, which is critical for HLNE stakeholders.

Why Long Term?

Strategic acquisitions generally yield sustainable benefits over extended periods, enhancing service delivery and market presence. The long-term integration of new services can significantly boost overall performance.

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HCAPPAX Health
, /PRNewswire/ -- PAX Health, a leading behavioral healthcare company backed by HCAP Partners and funds managed by Hamilton Lane (Nasdaq:HLNE), today announced its acquisition of Neuropsychology and Counseling Associates, a comprehensive outpatient mental health practice serving children, adolescents, adults, and families throughout New Jersey. This strategic acquisition enhances PAX Health's portfolio of specialized mental health services and expands its geographic footprint in New Jersey, strengthening the company's ability to deliver neuropsychological evaluations, cognitive training, and comprehensive behavioral healthcare across diverse patient populations. "Neuropsychology and Counseling Associates has established an outstanding reputation for providing specialized neuropsychological care and comprehensive mental health treatment," said Anthony DeSena, CEO of PAX Health. "Their team's expertise in clinical neuropsychology, memory support services, and evidence-based therapeutic approaches adds significant value to our service offerings and aligns perfectly with our mission to improve access to comprehensive behavioral healthcare, further supporting the expansion of our geographic footprint." Founded by Theodore J. Batlas, Psy.D., Neuropsychologist, former Chief of Psychology at Jersey Shore University Medical Center, Neuropsychology and Counseling Associates has over thirty years of experience providing comprehensive mental health services. The practice specializes in clinical neuropsychology, memory support services, dementia screening, cognitive training, forensic neuropsychology, rehabilitation, biofeedback, and marriage and family counseling. Their professional staff is licensed and certified in clinical neuropsychology, clinical psychology, rehabilitation, biofeedback, and marriage and family counseling. "We are truly excited about our partnership with PAX Health, as it will significantly enhance our ability to provide comprehensive neuropsychological services to a wider population," said Michael P. Heptig, Clinical Neuropsychologist, Co-Director and Partner at Neuropsychology and Counseling Associates. "Addressing the increasing demand for behavioral health services has been a considerable challenge in recent years. We are confident that this partnership will enable us to more effectively meet the needs of our community and further the PAX vision of providing personalized mental health treatment in a compassionate setting." This acquisition represents another significant step in PAX Health's growth strategy, supported by healthcare-focused private equity firm HCAP Partners and funds managed by global investment management firm Hamilton Lane. The integration will enhance PAX Health's ability to deliver customized behavioral health solutions while preserving Neuropsychology and Counseling Associates' established approach to specialized neuropsychological care. About PAX Health PAX Health is a leading behavioral health company dedicated to providing innovative and comprehensive solutions for mental health and well-being. Through strategic integration of best practices and resources, PAX Health delivers tailored solutions for individuals, businesses, and communities seeking comprehensive behavioral health services. About Neuropsychology and Counseling Associates Neuropsychology and Counseling Associates offers comprehensive outpatient mental health treatment for children, adolescents, adults, and families throughout New Jersey. With over thirty years of experience, the practice provides specialized services including clinical neuropsychology, memory support services, dementia screening, neuropsychological evaluations, cognitive training, biofeedback, rehabilitation, and marriage and family counseling. The practice serves patients through both in-person and telehealth services, delivering evidence-based treatment approaches including CBT, psychotherapy, and psychiatric medication management. SOURCE PAX Health WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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