Healthcare Minneapolis, MN 300 employees
Multi-State Outpatient Behavioral Health Platform
Outpatient behavioral health platform with 18 clinics serving 12,000+ patients across 4 states
About This Business
Clearwater Behavioral Health operates 18 outpatient behavioral health clinics across Minnesota, Wisconsin, Iowa, and North Dakota, providing therapy, psychiatric services, and substance abuse treatment to 12,000+ active patients. The platform has scaled rapidly through a combination of de novo openings and tuck-in acquisitions. Telehealth now represents 35% of all visits, expanding geographic reach and clinician utilization.
Key Highlights
18 clinics serving 12,000+ active patients with 220+ licensed clinicians
35% of visits conducted via telehealth — expanding reach and reducing real estate costs
Revenue growth of 30% driven by de novo openings, tuck-ins, and same-store growth
Measurement-based care model with outcomes data demonstrating 22% better PHQ-9 improvement vs. peers
Strong tailwinds from parity enforcement, employer demand, and destigmatization of mental health care
Financial Overview
Reason for Selling
Growth equity investors are seeking a recapitalization partner to fund the next phase of geographic expansion while providing partial liquidity.
Documents Available in Data Room
Financial Statements
Tax Returns
Legal Documents
Operational Documents
Marketing Materials
Estimated Value
$38.8M – $48.0M
Asking Price
$43.4M
Company name and seller contact revealed after purchase. One-time fee.