Beacon Behavioral Partners, a Baton Rouge, Louisiana-based psychiatric services provider, is gearing up for a potential exit from its current ownership by private equity firm Latticework Capital. Reports suggest that the company is preparing for a competitive auction process set to commence in early 2026, with an estimated $20 million EBITDA to bring to the table. The sale process is being advised by Jefferies, a prominent financial advisory firm.
Both Beacon Behavioral Partners and Latticework Capital have not yet provided any official comments regarding the potential exit. However, industry insiders have been closely monitoring the company’s progress, especially its innovative approach to partnering with psychiatrist practice owners to expand its reach and services.
Since 2022, Beacon Behavioral Partners has successfully partnered with numerous psychiatrist practice owners, compensating them with cash and equity in the larger enterprise. This strategy has allowed the company to rapidly expand its operations, with over 30 partners currently operating in eight states and serving approximately 250,000 patients. CEO Sean Wendell has ambitious plans to further expand the company’s reach to 14 states and double its patient census to 500,000 within the next 18 months.
Beacon Behavioral Partners offers a wide range of mental health services, including therapy, medication management, intensive outpatient programs, residential care, and innovative interventional psychiatry treatments like transcranial magnetic stimulation and ketamine therapy. The company’s focus on improving access to care and driving better patient outcomes has been a key driver of its success in the industry.
Despite its impressive growth and success, Beacon Behavioral Partners has been rumored to be exploring potential acquisition opportunities. With Latticework Capital’s backing, the company has been able to expand its operations and make strategic acquisitions without compromising on its commitment to quality care and patient outcomes.
As Beacon Behavioral Partners continues to integrate new practices and expand its footprint, industry experts anticipate a continuation of its aggressive M&A strategy. The company’s focus on maintaining high standards of care and unifying its practices under a single electronic health record system demonstrates its commitment to excellence in the field of psychiatry.
With a reported acquisition timeline of five years, the potential exit of Beacon Behavioral Partners from Latticework Capital could mark a significant milestone in the company’s growth and development. As the company looks towards the future, it remains dedicated to establishing long-term partnerships with psychiatrist owners and driving returns through multiple exits in the years to come.
