, Dec. 18, 2019
/PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce its role in advising Regroup Telehealth on its merger with Insight Telepsychiatry.
InSight Telepsychiatry and Regroup have merged to become the largest and most comprehensive telepsychiatry service provider in the U.S. The merger between InSight and Regroup brings together a robust network of providers and an impressive group of clinical and executive leaders with extensive experience and expertise across different care settings and patient populations for underserved individuals and communities. This joint effort will allow for increased delivery of mental health services across the country in response to a nationwide shortage of specialists coupled with a rising need for behavioral health services.
Regroup, founded in 2011 and based in Chicago
, brings customized telepsychiatry solutions, technology and comprehensive support teams that contribute to the seamless integration of behavioral health clinicians at partner care sites. With backing from a group of funders including HLM Venture Partners, OCA Venture, OSF Ventures, Frist Cressey Ventures, and Hyde Park Angels, Regroup grew quickly. Their clinicians collaborate with onsite care teams on patient care plans and workflows, yielding better behavioral care, shorter wait times and reduced barriers in settings such as primary care clinics, community health centers, hospitals and correctional facilities.
InSight Telepsychiatry, based in Mt Laurel, NJ
, has more than twenty years of telepsychiatry experience and serves hundreds of organizations in various settings with its on-demand, scheduled and direct-to-consumer (Inpathy) divisions. Since its inception, InSight has maintained its reputation as a trusted and experienced industry thought leader by upholding a high standard of clinical care and actively advocating for increased adoption of telebehavioral health.
"Regroup is excited to complement our proven approach to integrated telepsychiatry with InSight's breadth of services, including on-demand services for partners and direct-to-consumer solutions for patients seeking care at home or other care settings of their choice," stated David Cohn
, Founder and CEO of Regroup. Cohn will serve as Chief Growth Officer and maintain a seat on the board of directors for the newly combined organization.
Investors in the combined company include Harbour Point Capital, HLM Venture Partners, OCA Ventures, OSF Ventures, and Impact Engine.
"HLM has been a firm supporter of Regroup and is proud to see the impact they have made on how behavioral health services are provided virtually across the US. This merger marks a new chapter where the combined entity will be uniquely positioned to shape the future of the telebehavioral market even further," said Vin Fabiani
of HLM Venture Partners. Fabiani will continue to serve on the new organization's board of directors.
The Ziegler team, comprised of lead bankers Grant Chamberlain
and Chris Rogers
with support from Adam Heller
, Jenny Poth
and Danny Coran
, prepared Regroup for the transaction process, marketed the Company to potential partners and ultimately advised on and facilitated the merger with Insight Telepsychiatry. Cohn added, "With the help of Ziegler's ongoing advisory on the industry landscape and how Regroup is best positioned in the market, Regroup found the best partner to achieve the Company's long-term vision. Ziegler was instrumental in facilitating this highly successful outcome."
, Managing Director in Ziegler's Corporate Finance Healthcare practice, commented, "Access to behavioral health specialists is one of the most significant crises in the U.S. healthcare system, especially for vulnerable populations in underserved markets. Unfortunately, the shortage in behavioral health providers across the U.S. leaves thousands without the appropriate level of behavioral healthcare. The Regroup and Insight merger creates a platform of scale that will more effectively eliminate the mental health service availability gap plaguing the United States
Ziegler's Corporate Finance practice is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services.
For more information about Ziegler, please visit us at http://www.ziegler.com.
About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. We have a unique focus on the healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago
with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory, fixed income sales & trading and research. To learn more, visit http://www.ziegler.com.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.