Health Connect America Inc., a behavioral health services company and a portfolio company of Palladium Equity Partners, has bought First Home Care and North Star Counseling of Central Florida.
First Home Care, based in Richmond, Va., is a provider of therapeutic foster care programs in four locations throughout Virginia and in collaboration with Foundations for Home and Community in Washington, D.C. and Maryland. North Star is based in Kissimmee, Fla., and offers behavioral health therapy services and case management focused on children and their families. The transactions build on the company’s previous three acquisitions in early 2022 and look to advance the company’s geographic reach and suite of services to more than 21,000 children and their families that the company served in seven states across the southeast.
“We are pleased to support Health Connect’s M&A growth strategy, particularly as the company continues to build its platform and extend valuable healthcare services, especially those that serve our nation’s most vulnerable communities,” comments Daniel Ilundain, a partner and co-head of flagship funds at Palladium Equity Partners.