Integrated Telehealth Partners joins Psychiatric Medical Care
Des Moines-based Integrated Telehealth Partners (ITP) has been acquired by Psychiatric Medical Care (PMC) of Nashville, Tennessee. LWBJ served as exclusive advisor to ITP on the transaction.
ITP leverages telehealth to provide access to psychiatric services in underserved communities across a variety of clinical settings. The company offers both outpatient telepsychiatry services in community mental health clinics as well as 24/7 emergency telepsychiatry consultation services in hospital emergency rooms.
PMC, a leading behavioral healthcare management company, has operations in 20 states and manages both inpatient psychiatry units and intensive outpatient psychiatry programs.
“For us what it means is really an opportunity to accelerate our growth and really help expand access to psychiatric care and mental health services,” said Doug Wilson, President of ITP. “Nothing is going to change or is changing for our staff or team. We’re going to be growing and adding more staff and adding more employees and resources at a much faster and more efficient rate than what have been able to do in the past.”
“LWBJ is pleased to have been the exclusive advisor to ITP on the transaction,” said JD Geneser, a Senior Partner at LWBJ. “Our engagement included readying the company for sale, identifying the potential parties, and negotiating and structuring of the transaction.”
“LWBJ and JD were a big part of the process,” said Wilson. “Working with them was a very important factor in helping us navigate through the process of the transaction.”