Growth Capital Partnership to Support Expansion
Private equity firm Patriot Capital has announced a growth capital partnership with Turnwell Mental Health Network, supporting the Turnwell Mental Health Network expansion and marking a significant step in the provider’s ongoing growth efforts. The investment highlights both the growing demand for behavioral health services and the increasing attention from investors in providers serving underserved populations. Based in Dallas, Texas, Turnwell is an integrated mental health provider delivering comprehensive care to individuals with mental health disorders, with a particular focus on expanding access in communities that historically have limited mental health resources.
Services and Clinics
Turnwell operates multiple freestanding outpatient clinics across Arizona and Montana, offering a full range of behavioral health services. These include mental health counseling, primary care, patient and family education programs, and psychiatric treatments such as medication management, transcranial magnetic stimulation (TMS), ketamine therapy, and Spravato for treatment-resistant depression. While the company does not disclose the exact number of locations on its website, the new capital infusion from Patriot Capital will support Turnwell Mental Health Network expansion, allowing the provider to reach more patients and enhance its service offerings.
Strategic Partnerships
The Turnwell Mental Health Network expansion strategy also involves forming partnerships with other behavioral health providers. Earlier this year, Arizona-based Scottsdale Mental Health & Wellness Institute joined the Turnwell network, strengthening the organization’s reach and enabling more comprehensive care delivery. These partnerships facilitate shared resources, improved patient access, and a broader range of treatment options, which are critical in underserved markets.
Investment Trends in Behavioral Health
Behavioral health continues to attract strong investment interest. According to a recent survey by Behavioral Health Business, 60% of industry insiders identified mental health as the most attractive investment target, while treating underserved populations was seen as the greatest growth opportunity. Turnwell Mental Health Network expansion directly aligns with these trends, focusing on accessibility and care for communities that have historically faced barriers to mental health services.
Patriot Capital’s Behavioral Health Experience
Patriot Capital brings extensive experience in behavioral health investments. In September, the firm invested in Global Behavior Education Alliance, an autism-focused provider offering evaluations, applied behavioral analysis (ABA), counseling services, therapies, and educational support. Previously, in 2021, Patriot Capital sold D&S Community Services, a provider for individuals with intellectual and developmental disabilities, to Mentor Network. These investments reflect the firm’s strategic focus on supporting providers with strong growth potential and societal impact.
Market Momentum and Opportunities
The behavioral health sector has been experiencing a surge in mergers and acquisitions, highlighting investor confidence. According to M&A advisory firm The Braff Group, 2022 was the second-best year in history for behavioral health transactions, with at least 201 deals completed. John Hennegan, founding partner of Shore Capital, emphasized during a Behavioral Health Business webinar: “It’s hard to find many sectors of the economy that show the same tailwinds and growing acceptance as behavioral health. We see declines in stigma and growing acceptance from the older generations, down to a younger generation that has grown up in an environment where behavioral health is something they’re comfortable talking about and utilizing the services.” Turnwell Mental Health Network expansion is positioned to benefit from these broader societal trends.
Future Plans and Impact
The infusion of growth capital will allow Turnwell to accelerate its expansion plans, including opening new clinics, enhancing service offerings, and integrating innovative treatment approaches. These initiatives are expected to improve patient outcomes while demonstrating the scalability and investment potential of behavioral health providers focused on underserved populations. Turnwell Mental Health Network expansion is also a strategic move that highlights the growing intersection of private equity and behavioral health, where investors are seeking opportunities that combine financial returns with social impact.
Conclusion
The partnership between Patriot Capital and Turnwell underscores a growing trend in the behavioral health sector: strategic investments in providers that expand access to care while addressing critical community needs. Turnwell Mental Health Network expansion will not only help deliver high-quality services to more patients in Arizona and Montana but also reinforce the provider’s position as a leading example of how private equity can support growth in behavioral health. As the network grows, the Turnwell Mental Health Network expansion will serve as a model for how strategic investments can help address the nation’s increasing demand for mental health services.
