Shore Forms SCP Autism Services
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Shore Forms SCP Autism Services

florida autism center nf1Shore Capital Partners has formed SCP Autism Services and acquired Florida Autism Center in partnership with Chrystin Bullock, who founded the company in 2005.

Florida Autism Center (FAC) provides treatment services to children diagnosed with Autism Spectrum Disorder (ASD). In addition, the company offers a private school program to students with ASD as an alternative to a public school setting. The company is one of the largest providers of autism services in Florida and has five centers located in central and northern Florida.  FAC is headquartered in Tallahassee (www.floridaautismcenter.info).

Chrystin Bullock nf1Chrystin Bullock is a Board Certified Behavior Analyst and has been providing autism therapy services since 2005.  “In seeking a partner for growth, it was important to select an organization that shared my commitment to clinical excellence. In Shore Capital we’ve found a partner with a track record of success and a deep understanding of the challenges in the autism therapy market,” said Ms. Bullock.

Shore Capital Partners invests in lower middle market healthcare related companies that have $5 million to $50 million of revenue and $1 million to $5 million of EBITDA. Shore targets equity commitments of $10 million to $15 million per platform.  Healthcare sectors of particular interest include behavioral health; healthcare staffing; infusion therapy; laboratory products & distribution; laboratory services; outpatient rehab therapy; urgent care; veterinary services; pharmaceutical services and contract research.  Shore was founded in 2009 and is based in Chicago (www.shorecp.com).

“We could not be more excited to partner with Chrystin and her team of clinicians and operators. We look forward to building a leading organization in Florida, while continuing to provide the highest quality clinical care to the autism community,” said John Hennegan, a partner at Shore Capital.

Shore plans to expand FAC through new facility openings, while maintaining a therapist-driven culture with a clear focus on clinical care.  In addition, Shore will be active in centralizing the finance, accounting, human resources, and IT functions of FAC so that therapists are able to spend more time providing care to children on the autism spectrum.  As part of this transaction, FAC has hired Ralph Nelson as Chief Financial Officer and Marta Sullivan as Vice President of Human Resources. The company will be adding a Chief Executive Officer in the coming months.

This investment represents the fourth platform investment out of Shore Capital Partners Fund I, LP, a $112.5 million fund raised in May 2014.

© 2015 PEPD • Private Equity’s Leading News Magazine • 9-9-15

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