TripleTree Advises Caravel Autism Health on Its Strategic Investment by Frazier Healthcare Partners
Aug. 30, 2018
MINNEAPOLIS--(BUSINESS WIRE)--Aug 30, 2018--TripleTree, LLC, a strategic advisor and merchant bank serving innovative companies in healthcare, is pleased to announce that its client, Caravel Autism Health (“Caravel” or the “Company”), a leading provider of Applied Behavioral Analysis (“ABA”) therapy to children on the autism spectrum has received a strategic investment by Frazier Healthcare Partners.
The investment will allow Caravel to pursue geographic expansion and additional treatment models to serve the needs of more children and their families. It will also support the Company’s focus on clinical excellence and best-outcomes using ABA therapy. Finally, the additional investment in technology initiatives will enhance quality, outcome data tracking and efficiency in delivery of autism treatment.
“Frazier Healthcare Partners brings deep healthcare expertise that aligns with our mission, values and strategic growth plan to provide ABA therapy to children on the autism spectrum,” said Caravel CEO Mike Miller. “TripleTree’s deep knowledge of the behavioral health sector and their exceptional strategic advice over the last year were essential in helping us extend our treatment to more families in Illinois, Wisconsin and additional states.”
“Caravel is on the forefront of clinical excellence in the field of autism health, innovating standards of care through advances in quality measurement, early intervention and family support,” said Peter Erickson, TripleTree Managing Director. “We are thrilled about the Caravel and Frazier Healthcare Partners partnership, which positions the Company for its next phase of growth in accelerating these initiatives.”
“With an incidence of 1 in 59 children, Autism Spectrum Disorder (ASD) is the fastest growing developmental disability, according to the Centers for Disease Control and Prevention (CDC),” said Jon Hill, TripleTree Senior Director. “Caravel has been a leader in creating effective autism treatments, and the strategic investment by Frazier Healthcare Partners allows them to enhance their capabilities in current service areas while extending their reach to more families in new geographies.”
TripleTree acted as the exclusive strategic and financial advisor to Caravel for this transaction.
About TripleTree TripleTree is an independent merchant bank focused on mergers and acquisitions, growth capital, recapitalizations, strategic advisory and principal investing. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare. For more, visit Triple-Tree.com.
About Caravel Founded in 2009, Caravel Autism Health is devoted to helping families navigate the challenges of childhood autism. Caravel’s team of autism health experts specializes in the evaluation, diagnosis and treatment of children on the autism spectrum. Caravel offers research-based programs using the principles of Applied Behavior Analysis, helping children living with autism reshape their development and embrace new ways of interacting with the world. Caravel operates nine clinics across Illinois and Wisconsin, providing in-home, individualized treatment programs designed to help children develop skills, create connections and build confidence.
For more information about Caravel, visit the company’s website at: www.caravelautism.com.
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Michael Carroll, 952-223-8400
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS MINNESOTA WISCONSIN
INDUSTRY KEYWORD: WOMEN HEALTH MENTAL HEALTH PROFESSIONAL SERVICES BANKING FINANCE PARENTING CONSUMER FAMILY GENERAL HEALTH MANAGED CARE
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PUB: 08/30/2018 10:00 AM/DISC: 08/30/2018 10:00 AM