Dallas-based Pharos Capital Group LLC, through its Family Treatment Network (FTN) platform, has acquired Catalyst Behavioral Solutions, a Layton-based mental and behavioral health services provider. Catalyst is FTN’s seventh acquisition and expands its outpatient behavioral health services into Utah to operate alongside FTN’s adolescent residential treatment center, Logan River Academy.
Terms of the transaction were not disclosed. Directors Natalie Cliften and Heather Blair, as well as members of their management team, will continue to lead Catalyst going forward, FTN said.
Catalyst has been providing mental health therapy and behavior programs for individuals and families, telehealth services and other community services since 2014. The company treats autism and other behavioral issues through the use of evidence-based and data-driven treatment methods, including applied behavior analysis therapy, recognized as a best-practice treatment by the U.S. Surgeon General and by the American Psychological Association.
Family Treatment Network manages special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families.
Ed Irby, CEO and chairman of FTN, said, “We welcome Heather and the Catalyst team, and we are particularly inspired by the company’s autism treatment program for children, Catalyst Academy. It is well-known that early intervention is crucial in treating autism disorders and we have seen successful outcomes in similar programs in our network. We are delighted by the opportunity to enhance our capabilities in this area.”
“We are pleased to be working with Ed and Pharos. Their enthusiasm and professionalism will allow us to continue adding and improving programs that offer support to individuals and families in our communities,” said Cliften.