CEO at Pathways
Los
Angeles – October 22, 2018 – Atar Capital, a global private investment firm,
today announced that it has completed the acquisition of Pathways Health and
Community Support, LLC, one of the largest providers of accessible,
outcome-based behavioral and mental health services in the United States, from
Molina Healthcare, Inc. (NYSE:MOH).
Atar
Capital also announced the appointment of Jill Winters, an experienced
healthcare management executive, to lead Pathways as its new CEO. Winters held
positions of increased responsibility over almost 20 years at UnitedHealthcare,
serving as President of the company’s Medicare & Retirement Central Region,
as well as Chief Field Executive Officer of its Medicare Solutions business.
She succeeds Interim CEO Craig Bass, who will remain at Molina Healthcare.
“This
acquisition represents an enormous opportunity for us to put our collective
experience to work in a critical and fast-growing segment of the healthcare
industry,” said Cyrus Nikou, Founder and Managing Partner at Atar Capital.
“Pathways and its dedicated employees serve a critical role as America grapples
with an increasing need for mental and behavioral healthcare services. We look
forward to partnering with Jill and the management team to assure that Pathways
can provide important care to a larger number of clients.”
Originally
founded in 1997 as Providence Human Services, Pathways specializes in providing
direct services and case management to children, adolescents and adults with
behavioral and medical health needs, as well as those supervised by government
subsidized programs. The Company offers a full spectrum of social services and
behavioral health solutions to clients in their homes or through
community-based resources, including Youth & Family Services, Adult
Services, and Prevention Services.
“I’m
grateful for the chance to lead such a caring and dedicated team of people in
delivering these vital support services to our clients,” said Winters. “With
the support of Atar Capital, our number one priority is to provide home and
community-based services that meet the needs of this population in the
communities that we serve.”
“A
key part of our strategy moving forward will be to leverage Pathways’
infrastructure and shared services support to enable its next phase of growth,
and to make the Company a formidable behavioral healthcare player in the US,”
said Robert Lezec, Senior Managing Director at Atar Capital. “We look forward
to supporting the business and lending our deep cross-functional and
multi-sectorial expertise to help create significant value for Pathways, and
measurable positive outcomes for the Company’s clients.”
Atar
Capital’s combination of operational expertise, industry knowledge, and
investment experience provides a unique edge in identifying and creating value,
and working as a true partner to portfolio companies. The firm assists with
initiatives to grow the business and improve operations, leveraging all of the
resources available through Atar’s global platform, including a bench of
seasoned senior advisors with deep sector and functional expertise.
About
Atar Capital
Atar
Capital (www.atarcapital.com) is a global private investment firm that benefits
from over 60 years of combined investing, operational and management
experience. Atar’s principals have completed over 60 private equity
transactions across North America and Western Europe. Headquartered in Los
Angeles, Atar Capital’s unique deal origination, M&A and operating
capabilities enables its portfolio companies to achieve their full potential.
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