Modern building facade

Investing in middle-market behavioral health.

HCC Partners invests $20 to $50 million in established behavioral health companies across the United States, partnering with founders, clinicians, and management teams.

We are operators who became investors. Our team has built, run, and scaled behavioral health companies across the continuum of care.

$20–50M
Target transaction size
9
Psychiatric hospitals scaled by our team
3
Levels of substance use care operated: detox, residential, PHP
100%
Focused on behavioral health
The Firm

Built by the people who ran the business

HCC Partners was founded by operators. Before investing in behavioral health, our team built and ran behavioral health companies: scaling nine psychiatric hospitals, operating substance use disorder programs across detoxification, residential, and partial hospitalization levels of care, and growing an ABA company.

That experience informs how we evaluate businesses and how we work with management teams after we invest. We understand licensure, payor relationships, clinical staffing, and quality of care because we have managed them directly.

We invest exclusively in behavioral health. Demand for quality care continues to exceed supply, and we believe the providers best positioned to meet that demand are those that grow without compromising clinical standards.

Team working around a conference table
Investment Focus

Where we invest

Psychiatric & Acute Care

Inpatient psychiatric hospitals and acute behavioral health services, where access gaps are widest and operational excellence matters most.

Substance Use Disorder Treatment

Detoxification, residential treatment, and partial hospitalization: full-continuum platforms built on clinical integrity and durable referral relationships.

Autism & Developmental Services

ABA therapy and related developmental services, delivered through scalable, clinician-led models serving families with long-term needs.

Outpatient & Adjacent Services

Outpatient behavioral health, specialty programs, and adjacent services where our operating experience creates an advantage.
Criteria

What we look for

Transaction Size
$20 to $50 million
Sector
Behavioral health services
Company Profile
Established providers with strong clinical reputations
Ownership
Typically founder- or operator-owned
Geography
United States
Tree-lined path in morning light
We have sat in the seats our management teams sit in.
Operating Experience

A track record inside the operation

01

Psychiatric hospitals

Members of our team scaled nine psychiatric hospitals, expanding capacity while strengthening clinical programs, physician relationships, and quality outcomes.

02

Substance use disorder treatment

We built and operated a substance use disorder platform spanning detoxification, residential treatment, and partial hospitalization.

03

Autism services

We scaled an applied behavior analysis (ABA) company, growing clinical teams and opening new centers while maintaining quality of care.

Approach

How we partner

With founders and management teams

We structure transactions around the goals of the people who built the business, whether they intend to continue leading it or to transition over time.

After closing, we support management with payor strategy, recruiting, de novo growth, and systems. We treat clinical quality as the basis for durable growth, not as a cost to be managed down.

With investors and intermediaries

We maintain a focused mandate and respond quickly and directly to opportunities within it.

Intermediaries and co-investors can expect clear communication, disciplined valuation, and a team that understands the operations behind the numbers.

Contact

Start a conversation

Whether you are a founder considering your next chapter, an advisor with a mandate, or an investor who shares our conviction in behavioral health.