A behavioral healthcare company with expansion on its mind has returned to the Tar Heel State for its latest acquisition.
Richmond-based ncgCare purchased North Carolina-based Appalachian Community Services for an undisclosed amount in a deal that closed July 1.
The acquisition adds 24 facilities in western North Carolina and more than 260 mental health staff to ncgCare’s suite of behavioral health services. ACS provides mental health, substance abuse and intellectual and development services to more than 6,500 clients annually.
Headquartered in Murphy in the state’s mountainous region, ACS adds to ncgCare’s foothold in North Carolina, where it expanded from Virginia with the purchase of Raleigh-Durham-based Turning Point Family Care in 2015. ncgCare is the parent entity of Virginia-based National Counseling Group and its subsidiaries.
Frank Viera, president and CEO of ncgCare, said ACS is an appealing addition for its geographic location as well as its services, which he described as innovative in the industry.
“Strategically, where it’s located in North Carolina, we want to eventually be able to cover the entire state of North Carolina, so this is one more piece of the puzzle,” Viera said.
According to a release, ACS’s services focus on facility-based and mobile crisis, intellectual and developmental disabilities, community and supported living, outpatient counseling, psychiatric evaluations, and medication management.
Viera said ACS will continue to operate under its name with the added brand tag, “an ncgCare partner.” He credited the deal in part to growth capital provided by NewSpring Mezzanine, a small business investment division of Pennsylvania-based NewSpring Capital.
Started in 1993 as Northern Virginia Counseling Group, ncgCare and its network of providers serve thousands of children, adults and families annually with mental health services, foster care and outpatient services through various brands. More than 1,000 employees provide services through ncgCare brands, including National Counseling Group, Embrace Treatment Foster Care, Avenues to Wellness, Envision Counseling and Turning Point.
The company has been on an acquisition streak, as Viera has said it aims to double its size in five years. It followed its Turning Point Family Care deal with Pennsylvania-based Community Alternatives, the company’s second acquisition. Last year, it purchased Southside Richmond-based TSG Services.
Viera said more acquisitions are in the works, with letters of intent in development for three other providers, including one in West Virginia that he expects to close by the end of July.