Why Pinterest, MTV, and Showtime are teaming up to fund cultural approaches to mental health care

In the term sheet, we typically report investments in companies, whether through venture capital, private equity, or hedge funds. But today’s newsletter covers another type of financing with a completely different value proposition: investments in communities and the mental health of the young people who live in them. One-third of young adults in the US … Read more

Lee Equity buys Centre Partners’ Bradford Health

Lee Equity Partners acquired a majority interest in Bradford Health, an operator of substance use disorder treatment centers based in Birmingham, Alabama. Why it matters: While many health care deals aren’t closing in a hurry today, Bradford is another data point that reflects both the ability to transact in the lower middle market, where lining … Read more

Vistria Group quietly buys youth behavioral health provider Sandstone Care

The Vistria Group quietly invested in Sandstone Care, a provider of behavioral health care for youth. Why is the BFD: the Closures, isolation and consequences related to the covid-19 pandemicpaired with the growing use of social networks like Instagramhave had an enormous impact on the mental health of our nation’s adolescents. Vistria, an impact-oriented PE … Read more