PE-backed firm acquires Pennsylvania psychiatric practice

Advertisement

PAX Health has acquired New Castle, Pa.-based Richardson Psychiatric Associates. 

The outpatient psychiatric site serves adults, adolescents, children and families, according to an April 17 news release. 

PAX Health is backed by California private equity firm HCAP Partners. The company formed PAX Health in 2024, when it acquired three behavioral health providers. 

The company acquired Smithtown, N.Y.-based Harris Psychiatric Services in January. 

At the Becker's Fall Behavioral Health Summit, taking place November 4–5 in Chicago, behavioral health leaders and executives will explore strategies for expanding access to care, integrating services, addressing workforce challenges and leveraging innovation to improve outcomes across the behavioral health continuum. Apply for complimentary registration now.

Advertisement

Next Up in Investment & Transactions

Advertisement