August 31, 2023

Havencrest Announces Two New Platform Investments

Havencrest Capital Management, a Dallas-based, healthcare-focused private equity firm, is pleased to announce two new platform investments: Deep Eddy Psychotherapy (“Deep Eddy”) and Avid Health at Home (“Avid”).

“Havencrest is excited to add these market-leading companies to the Havencrest portfolio, and we are honored to be able to help expand access to quality care in two very important parts of the healthcare ecosystem — mental health and home care. The management teams at Deep Eddy and Avid are seasoned operators with experience building world-class companies, and we are looking forward to partnering with them as we build national leaders in their respective marketspaces,” said Christopher W. Kersey, M.D., M.B.A., Havencrest’s Founding Managing Partner.

Deep Eddy Psychotherapy

Deep Eddy is one of the largest outpatient mental health companies in the state of Texas with 13 locations in Austin, Dallas, Houston and San Antonio with over 200 clinicians currently serving over 6,000 patients.  The Company offers its services both in-person and remotely via telehealth throughout the state.

Havencrest created the Deep Eddy platform in April of 2022 and has since expanded with its acquisition of Dallas Counseling and Treatment Center Management, LLC (“DCTC”) in April of 2023.

Adam Maurer serves as the CEO of the combined platform.

Read the full press release here.

Avid Health at Home

Avid is a non-medical home care company formed in connection with the acquisition of Chicago-based For Papa’s Sake Home Care (“FPS”), a leading provider of non-medical home care in the greater Chicago area.

FPS has received multiple awards and accolades for excellence over the years, including being named the #1 agency in North America by Home Care Pulse in 2022.

Havencrest Operating Partner Jen Lentz is the CEO of the Avid platform.

Read the full press release here.

Current Portfolio Companies Include

Effective School Solutions is a national leader in mental health services to school districts for students with emotional, behavioral and psychiatric problems

The Oncology Institute (TOI) is the largest and only scaled provider of value-based oncology care in the United States

Apara Autism Centers provides evidence-based, data-driven Applied Behavioral Analysis (ABA) therapy services to children with autism

ThermoTek is the leading provider of thermoelectric temperature management solutions to the medical and industrial end markets

Paradigm Health is an Indianapolis-based provider of high-quality, compassionate and patient-focused hospice and palliative care

Deep Eddy Psychotherapy is a behavioral health platform that delivers high-quality mental healthcare for patient across Texas

Avid Health at Home is a post-acute care platform focused on providing access to high-quality, home-based care for individuals of all ages