Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that its portfolio company Infinity Behavioral Health Services has acquired Kingston, New York-based Health Assets Management, Inc., www.healthassets.com. The Company is a clinician-driven practice management partner focused on all levels of behavioral health practices. Terms of the transaction were not disclosed.
Both Infinity Behavioral Health Services and Health Assets Management share the same patient-centric core values and both were founded by clinicians with solutions to help providers face the strict demands and requirements in dealing with managed care and payors. Adding to Infinity’s infrastructure and expertise in facility-based reimbursement from commercial payors, Health Assets Management, Inc. is focused on mental health practitioners in New York State and has abundant experience with public and commercial payors. The Company features a full range of practice management services including benefits verification, claims authorizations, billing, credentialing and electronic claims filing.
Jim Cooper, Managing Partner, TSCP said, “We’re pleased to welcome Health Assets Management aboard. The officers, directors and advisors of the Company have strong backgrounds in behavioral health practice and, uniquely, in Managed Care. They understand the intricacies, as well as the practices of health plans, insurance companies and behavioral health managed care companies.” Mr. Cooper added, “Health Assets Management is the perfect complement to Infinity.”