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

1. PAX Health acquires Neuropsychology and Counseling Associates, expanding services in New Jersey. 2. The acquisition enhances PAX's behavioral health offerings and geographic presence. 3. PAX aims to improve access to comprehensive mental healthcare through this integration. 4. Neuropsychology Associates adds expertise in neuropsychology and memory support services. 5. Hamilton Lane, managing funds, supports PAX's strategic growth in healthcare.

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FAQ

Why Bullish?

The strategic acquisition enhances PAX Health's portfolio, aligning with growth trends in mental health. Historically, successful acquisitions lead to stock appreciation due to expanded service offerings.

How important is it?

The acquisition strengthens PAX Health’s market position, which could reflect positively on HLNE's valuation. Given the growth in the behavioral health sector, this development has significant operational implications.

Why Long Term?

Investments in mental health services capitalize on increasing demand, suggesting sustained benefits over time. Past acquisitions in healthcare have often resulted in stable growth trajectories.

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HCAPPAXH
, /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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