Private equity-backed behavioral health provider PAX Health continues to expand its reach in the industry with the recent acquisition of Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. The financial details of the deal have not been disclosed, but this acquisition marks a significant milestone for PAX Health.
PAX Health was established in March 2024 through the merger of three prominent behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN), and Reservoir Health. Since the merger, the company has been focused on integrating its operations and now, with the acquisition of Harris Psychiatry Services, PAX Health is ready to embark on a path of substantial growth.
Anthony DeSena, CEO of PAX Health, expressed his excitement about the company’s growth trajectory and emphasized the importance of cultural alignment in the acquisition process. DeSena believes in putting people first, ensuring that employees are valued and provided with significant benefits. This approach has been instrumental in building a strong brand and a positive work culture at PAX Health.
PAX Health, based in Great Neck, New York, offers a range of services including hybrid psychiatry, psychology, and medication management. The company works with individuals, employers, and other healthcare providers, and is in-network with major insurance plans including Medicaid and Medicare. PAX Health also specializes in workers’ compensation services, making the acquisition of Harris Psychiatry Services a strategic move to enhance its offerings in this area.
HCAP Partners and Hamilton Lane have invested in PAX Health, supporting the company’s growth and expansion plans. DeSena highlighted the importance of geography in considering a merger, noting that Harris Psychiatry Services is geographically close to PAX Health’s headquarters in Smithtown, New York. This proximity will facilitate seamless integration and collaboration between the two entities.
Harris Psychiatry Services is known for its expertise in providing psychiatric care to patients recovering from workplace injuries and motor vehicle crashes. The acquisition of Harris Psychiatry Services will further enhance PAX Health’s capabilities in delivering specialized behavioral health care to diverse patient populations.
“We are a large provider of psychiatric and psychological care in the workers’ comp space, which, if you know what you’re doing, is really good,” DeSena said. “If you don’t, it can be pretty detrimental. Luckily, we’re really good at it.”
Overall, the acquisition of Harris Psychiatry Services represents a significant step forward for PAX Health as it continues to establish itself as a leading provider of behavioral health services in the industry. With a strong focus on people, culture, and quality care, PAX Health is well-positioned for future growth and success.
