Tenex Capital Management has acquired Behavioral Innovations (BI) from Shore Capital Partners, according to a news release.
BI, founded in 2000 and based in Dallas, is provider of center-based applied behavior analysis therapy to early intervention children with autism spectrum disorder and other related developmental disabilities. BI operates nearly 80 centers across Texas, Oklahoma and Colorado.
Tenex, founded in 1999 and based in New York, is a private equity firm that invests in middle market companies within healthcare and a few other industries. The firm seeks majority investments in companies with EBITDA between $3 million and $40 million.
Shore Capital Partners, based in Chicago, pursues healthcare investments in the lower middle market. Founded in 2009, the firm pursues control equity investments in the healthcare services, products and distribution markets through a range of investment amounts. Within healthcare, Shore seeks to invest in the provider services and non-reimbursement industries.
Terms of the transaction were not disclosed.