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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Healthcare
HIG Completes Acquisition of Family Behavioral Resources

FBR marks CIS’s third acquisition after Access Family Services in January and South Bay Mental Health Center in April 2012

HIG Capital LLC wrapped up the acquisition of Family Behavioral Resources (FBR), a national network of mental health and substance abuse treatment programs.

HIG acquired the Greensburg, Pa.-based target through portfolio company Community Intervention Services Inc. (CIS) Terms of the deal were not disclosed, but HIG generally spends between $5 million and $30 million when making investments.

FBR marks CIS’s third acquisition and will allow the company with a strong regional presence in the Mid-Atlantic and a beachhead into the Midwest. The transaction was announced about a month after CIS' purchasing of Access Family Services and less than a year after it completed thep acquisition of South Bay Mental Health Center Inc.

The company's acquiring of Access Family and FBR were each backed by an investment from MCG Capital Corp. (Nasdaq: MCGC) totaling $10.1 million

CIS is a portfolio company established by HIG's affiliate, HIG Growth Partners.

 

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