Acentra Health Announces Acquisition of EAP Consultants, LLC
04 Gennaio 2024 - 4:06PM
Acentra Health, a leading provider of clinical services and
technology solutions to government healthcare agencies, announced
today that it has acquired EAP Consultants, LLC (“Espyr”), a leader
in workplace mental health and well-being programs. The acquisition
will enable Acentra Health to serve existing and new clients with a
comprehensive portfolio of Employee Assistance Program (EAP)
solutions and services that will help them drive better outcomes in
meeting the rising mental health and well-being needs of the
populations they serve.
Together, the companies will provide EAP solutions and services
that support government agencies and commercial organizations,
serving employees, students, and their families. Services include
clinical intake and support; work-life services, such as legal,
financial, child and elder care support; critical incident
debriefings; and counseling services available by appointment,
on-demand, in-person, virtually, and by phone and text.
“The combination of Acentra Health and Espyr aligns with the
strategic objectives of both companies to be at the forefront of
helping our clients address our nation’s mental health crisis,”
said Todd Stottlemyer, CEO of Acentra Health. He added, “I am
excited about the combination of our highly skilled teams, our
technology-enabled products, solutions, and services, and our
increased ability to serve people in need of mental health
services.”
According to the U.S. Centers for Disease Control and
Prevention, mental illnesses are among the most common health
conditions in the U.S. More than 1 in 5 U.S. adults are living with
a mental illness. With mental health issues like stress, anxiety,
and depression leading to increasing rates of absenteeism and
“quiet quitting,” employers are taking notice. Following guidance
from the U.S. Office of Personnel Management for federal agencies
to enhance their employee assistance programs, more employers are
offering enhanced EAP solutions to support their workforce,
increase employee engagement, and improve productivity.
“Today’s mental health crisis demands that we change our
approach and seek new ways to reach people where they are, with the
workplace having a central role,” said Rick Taweel, CEO of Espyr.
“With more companies seeking to go beyond traditional EAP support,
we believe our combined capabilities will help our clients meet and
adapt to these changes and drive better outcomes in mental health
and well-being.”
“Acentra Health and Espyr each bring more than 30 years of
experience in providing workplace mental health and well-being
programs,” said Meghan Harris, President and Chief Operations
Officer of Acentra Health. “Our combined capabilities, including
predictive analytics and technology-enabled tools, will enable us
to deliver customizable solutions that extend beyond traditional
mental health counseling. With a network of over 5,900 providers
and support options available across multiple modalities and
preferences, Acentra Health is the vital partner to help our
clients deliver timely mental health services that improve
well-being and accelerate better health outcomes.”
The combined company will maintain Acentra Health’s McLean, VA
offices as its headquarters location.
Bailey & Company acted as the exclusive financial advisor to
Espyr in connection with the transaction. Goodwin Procter LLP acted
as legal advisor to Espyr. King & Spalding LLP acted as legal
advisor to Acentra Health.
About Acentra HealthAcentra Health combines
public sector knowledge, clinical expertise, and technological
ingenuity to modernize the healthcare experience for state and
federal partners and their priority populations. From designing and
developing advanced claims, encounter, and provider solutions that
drive efficiency and cost savings to delivering clinically focused
service models for care management and quality oversight, Acentra
Health is accelerating better outcomes. Acentra Health is backed by
Carlyle (NASDAQ: CG), a global investment firm. Visit
acentra.com.
About EAP Consultants, LLCThrough its
Espyr-branded programs, EAP Consultants empowers organizations to
go beyond traditional support and offer their people comprehensive
well-being solutions to increase engagement, boost productivity,
and enhance workplace culture. Its mission is to help organizations
and their people reach their potential by providing immediate,
customizable behavioral and mental health solutions. EAP
Consultants aims to enable its clients to support their members
with health coaching, counseling, leadership programs, and more –
available in-person or virtually, with the goal of higher
engagement, reduced healthcare costs, and happier employees. Visit
espyr.com.
Media Contacts:Acentra Health – Janice Moore,
703-214-3552, Janice.Moore@acentra.com
Espyr – Lauren O’Neil, 603-370-0859, Loneil@espyr.com
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