Behavior Frontiers Announces Sale to NexPhase Capital

Behavior Frontiers was founded in 2004 by its CEO Helen Mader to bring consistent, high-quality care backed by cutting-edge research and data-driven practices to individuals with autism across all age groups, with a particular emphasis on early intervention care for children between the ages of 3 to 6 years old. Since Lorient’s investment, Behavior Frontiers has exemplified what’s possible when private capital partners with purpose-driven, clinical operators to transform care. In under five years, the company expanded its active client base from approximately 900 to 2,850, while growing its employee base from 1,300 to more than 3,300. Over 1,000 team members earned internal promotions during that time, reflecting an investment in people and a commitment to clinical excellence.

Helen Mader, Co-Founder & CEO of Behavior Frontiers, said:

“This partnership with Lorient has been one of the most meaningful chapters in our company’s history. Together, we’ve expanded access to high-quality autism treatment, invested deeply in our team, and built tools like PrioraCare that are transforming how we serve families. As we join forces with NexPhase, we’re more energized than ever about the road ahead. Our mission remains the same, and our potential has never been greater.”

Central to this transformation has been the introduction of PrioraCare, Behavior Frontiers’ proprietary software platform that automates curriculum management, logs real-time data, and reports measurable outcomes. This innovation helped drive dramatic reductions in aggression and tantrums, multiples of improvement in VB-MAPP test scores among young clients, and significant increases in learning trials per hour — all without increasing cost to payors or families.

These outcomes underscore how responsible private investment can create scalable solutions, advance quality services, and improve clinical outcomes across the continuum of care. Behavior Frontiers’ expansion into center-based services — with 26 new locations opened — complements its home-based legacy and reflects a commitment to multi-modal care delivery. Recent industry data shows that 96% of applied behavior analysis (ABA) providers believe combining center and home-based treatment provides the greatest benefit to families.

Jordan Broome, Managing Partner at Lorient Capital, commented:

“Behavior Frontiers is a testament to the impact that can be achieved when purpose, clinical quality, and innovation align with thoughtful capital. This team has created a platform that is both clinically excellent and operationally scalable — and one that puts children and families first. We are incredibly proud of what’s been accomplished and excited to see BF thrive in its next chapter.”

Andy Kieffer, Partner at NexPhase Capital, added:

“We are excited to be partnering with Helen and the incredible team she has built at Behavior Frontiers, which has brought transformative care to thousands of children and families over the past two decades. NexPhase has tremendous conviction in this business and its potential to serve more families in existing and new markets across the country. We look forward to leveraging our resources and significant experience working alongside leading ABA providers to help Behavior Frontiers continue delivering on its mission to provide personalized care for every child—one milestone at a time.”

Leadership at Behavior Frontiers will remain in place to continue executing on their mission of expanding access to care, driving operational excellence, and advancing innovation in the field of autism therapy. Backed by NexPhase Capital, the company is poised to accelerate its strategy and reach more families in need.

About Behavior Frontiers

Behavior Frontiers is a leading provider of ABA treatment services for individuals with autism and other special needs. With a commitment to clinical quality, innovation, and access, the company serves clients through home- and center-based models across the United States. For more information, please visit www.behaviorfrontiers.com.

About NexPhase Capital

NexPhase Capital is a thematically driven and operationally focused lower middle-market private equity firm that makes investments in growth-oriented and capital-efficient companies within three distinct industry verticals: healthcare, software and consumer. NexPhase partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the company’s “next phase.” The NexPhase team has extensive industry and operational experience and NPC’s Partners have invested together for over 15 years. NexPhase has completed over 100 investments, including add-ons, and targets equity investments between $40 million and $150 million. Since inception, NexPhase has raised and managed approximately $2.6 billion of capital. For more information, please visit www.NexPhase.com.

About Lorient Capital

Lorient Capital is a healthcare-focused investment firm that partners with founders and management teams to build enduring businesses that improve outcomes and reduce costs across the healthcare ecosystem. For more information, please visit www.lorientcap.com.

Read the full press release here.

Lorient Capital Expands Team with the Hiring of Stephanie DeGennaro and John Cotcher

Stephanie DeGennaro, General Counsel

As General Counsel, Stephanie DeGennaro will oversee Lorient’s legal strategy and ensure robust legal frameworks are in place to support the firm’s growth and commitment to enhancing healthcare delivery. Stephanie joins Lorient from McDermott Will & Emery, where she was a partner advising healthcare providers and private equity sponsors on a wide range of transactions, including mergers and acquisitions, joint ventures, and strategic agreements.

John Cotcher, Vice President of Compliance and HR Operations

John will partner with Lorient’s portfolio companies to develop and implement supportive service solutions that enable operators and leaders to focus on delivering high-quality care and services.

John brings more than a decade of leadership experience from various executive roles across high-growth healthcare organizations. Throughout his career, he has led departments such as Operations, Compliance, Marketing, and HR. John holds an MBA from the University of Michigan and is certified in Healthcare Compliance (CHC) by the Health Care Compliance Association (HCCA).

“We are excited to welcome Stephanie and John to the Lorient team,” said David Berman, Managing Partner of Lorient Capital. “Stephanie’s legal expertise and John’s operational and compliance leadership will further enhance our ability to support portfolio companies and drive growth in a dynamic healthcare landscape.”

These hires reflect Lorient’s ongoing commitment to building a team dedicated to advancing healthcare delivery and outcomes.

Read the full press release here.

About Lorient Capital

Lorient is a private investment firm focused exclusively on the healthcare industry. Our distinctive approach blends our roots as entrepreneurs, operators, and investment professionals to build market-leading healthcare services and technology companies.

American Family Care Partners with Lorient Capital

“We are excited to partner with Lorient and are confident that their involvement will help us serve more patients in more locations – with the same degree of care and compassion we’ve been providing for more than 40 years,” said AFC’s Chief Executive Officer, Randy Johansen. “With Lorient by our side, I am more confident than ever that we will achieve our vision of becoming one of the most widely known and admired brands in healthcare.”

With dozens of new locations in the pipeline across the United States, Lorient’s financial backing and experience in supporting growth-oriented companies is timely. “We are excited to partner with great healthcare operators and clinicians to serve patients and their families,” said David Berman, Managing Partner at Lorient Capital. “We look forward to working with the AFC team to help them continue to grow.”

McDermott Will & Emery LLP acted as legal advisor to Lorient. Goldman Sachs & Co., LLC acted as financial advisor, and Kilpatrick Townsend & Stockton LLP acted as legal advisor to AFC.

About American Family Care:

Founded by Dr. Bruce Irwin with a single location in 1982, American Family Care has pioneered the concept of convenient, patient-centric healthcare. Today, with more than 360 clinics and 1,500 in-network providers caring for millions of patients a year, AFC is the nation’s leading provider of urgent care, accessible primary care, and occupational medicine. Ranked by Inc. Magazine as one of the fastest-growing companies in the United States, AFC’s stated mission is to provide the best healthcare possible, in a kind and caring environment, while respecting the rights of all patients, in an economical manner, at times and locations convenient to the patient. For more information, visit americanfamilycare.com.

About Lorient

Lorient is a private investment firm focused exclusively on the healthcare industry. Our distinctive approach blends our roots as entrepreneurs, operators, and investment professionals to build market-leading healthcare services and technology companies. Visit us at: https://lorientcap.com/.

Read the full press release here.

Lorient Capital Grows Investment Team with Addition of Eric Gonzalez as Vice President and Justin Morrell as Senior Associate

Eric Gonzalez, Vice President

Prior to joining Lorient, Eric was a Vice President at Comvest Partners where he focused on consumer and e-commerce investments. Previously, he was a hedge fund analyst at Moore Capital Management, executing long/short equity strategies in the tech sector. He also worked as a private equity analyst for CCMP Capital out of undergrad. He holds a BA in Finance and Accounting from University of Miami and is a CFA Charterholder.

Justin Morrell, Senior Associate

Prior to joining Lorient, Justin was a Senior Associate at Nautic Partners where he focused on middle market healthcare services investments. Previously, he was an associate at Five Arrows Capital Partners where he also focused on middle market healthcare investments. Prior to his investing career, Justin was a healthcare services investment banking analyst at Raymond James. He holds a BSBA in Finance from Washington University in St. Louis.

About Lorient Capital

Lorient is a private investment firm that targets equity investments in healthcare services and technology companies. Leveraging our experience as both investors and healthcare operators, we work with founders and management teams to drive growth, optimize operations, and improve healthcare outcomes. The firm invests in cash flow positive businesses at an inflection point that requires additional capital and expertise to take the business through the next phase of growth. For more information visit: https://lorientcap.com/.