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PAX Health Acquires Richardson Psychiatric Associates, Expanding Mental Health Services for Adults, Adolescents, and Families

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PAX Health, backed by HCAP Partners and Hamilton Lane (Nasdaq:HLNE), has announced the acquisition of Richardson Psychiatric Associates, a comprehensive outpatient psychiatric practice in Western Pennsylvania. The strategic move expands PAX Health's mental health service portfolio and geographical presence.

Founded by Dr. W. Randolph Richardson and Lisa Richardson, PMHNP-BC, the acquired practice specializes in psychiatric evaluations, medication management, and various therapeutic approaches including Cognitive Behavioral Therapy, Trauma Therapy, Art Therapy, and Grief Therapy. Dr. Richardson has practiced since 1991, while Lisa has worked in psychiatry since 1987.

The integration aims to enhance PAX Health's ability to deliver customized behavioral health solutions while maintaining Richardson Psychiatric Associates' established patient care approach. The acquisition represents a significant step in PAX Health's growth strategy, focusing on improving access to comprehensive behavioral healthcare services.

PAX Health, supportata da HCAP Partners e Hamilton Lane (Nasdaq:HLNE), ha annunciato l'acquisizione di Richardson Psychiatric Associates, una struttura ambulatoriale psichiatrica completa situata nella Pennsylvania occidentale. Questa mossa strategica amplia il portafoglio di servizi di salute mentale di PAX Health e la sua presenza geografica.

Fondata da Dr. W. Randolph Richardson e Lisa Richardson, PMHNP-BC, la struttura acquisita è specializzata in valutazioni psichiatriche, gestione farmacologica e diverse terapie, tra cui la Terapia Cognitivo-Comportamentale, la Terapia del Trauma, la Terapia Artistica e la Terapia del Lutto. Il Dr. Richardson esercita dal 1991, mentre Lisa lavora in psichiatria dal 1987.

L'integrazione mira a migliorare la capacità di PAX Health di offrire soluzioni personalizzate per la salute comportamentale, mantenendo l'approccio consolidato di cura dei pazienti di Richardson Psychiatric Associates. L'acquisizione rappresenta un passo importante nella strategia di crescita di PAX Health, con l'obiettivo di facilitare l'accesso a servizi completi di assistenza comportamentale.

PAX Health, respaldada por HCAP Partners y Hamilton Lane (Nasdaq:HLNE), ha anunciado la adquisición de Richardson Psychiatric Associates, una práctica psiquiátrica ambulatoria integral en el oeste de Pensilvania. Esta acción estratégica amplía la cartera de servicios de salud mental y la presencia geográfica de PAX Health.

Fundada por el Dr. W. Randolph Richardson y Lisa Richardson, PMHNP-BC, la práctica adquirida se especializa en evaluaciones psiquiátricas, manejo de medicación y diversas terapias, incluyendo Terapia Cognitivo Conductual, Terapia de Trauma, Terapia Artística y Terapia de Duelo. El Dr. Richardson ha ejercido desde 1991, mientras que Lisa trabaja en psiquiatría desde 1987.

La integración busca mejorar la capacidad de PAX Health para ofrecer soluciones personalizadas en salud conductual, manteniendo el enfoque de atención al paciente establecido por Richardson Psychiatric Associates. La adquisición representa un paso significativo en la estrategia de crecimiento de PAX Health, centrada en mejorar el acceso a servicios integrales de salud conductual.

PAX Health는 HCAP Partners와 Hamilton Lane(Nasdaq:HLNE)의 지원을 받아 서부 펜실베이니아에 위치한 종합 외래 정신과 진료기관인 Richardson Psychiatric Associates를 인수했다고 발표했습니다. 이번 전략적 조치는 PAX Health의 정신 건강 서비스 포트폴리오와 지리적 입지를 확장합니다.

Dr. W. Randolph Richardson와 PMHNP-BC 자격을 가진 Lisa Richardson가 설립한 이 진료기관은 정신과 평가, 약물 관리, 인지행동치료, 외상 치료, 미술 치료, 슬픔 치료 등 다양한 치료법을 전문으로 합니다. Richardson 박사는 1991년부터, Lisa는 1987년부터 정신과 분야에서 근무해 왔습니다.

이번 통합은 Richardson Psychiatric Associates의 확립된 환자 치료 방식을 유지하면서 맞춤형 행동 건강 솔루션을 제공하는 PAX Health의 역량을 강화하는 것을 목표로 합니다. 이 인수는 포괄적인 행동 건강 관리 서비스 접근성 향상에 중점을 둔 PAX Health의 성장 전략에서 중요한 단계입니다.

PAX Health, soutenu par HCAP Partners et Hamilton Lane (Nasdaq:HLNE), a annoncé l'acquisition de Richardson Psychiatric Associates, une clinique psychiatrique ambulatoire complète située dans l'ouest de la Pennsylvanie. Cette démarche stratégique élargit le portefeuille de services en santé mentale de PAX Health ainsi que sa présence géographique.

Fondée par le Dr W. Randolph Richardson et Lisa Richardson, PMHNP-BC, la clinique acquise est spécialisée dans les évaluations psychiatriques, la gestion médicamenteuse et diverses approches thérapeutiques telles que la thérapie cognitivo-comportementale, la thérapie des traumatismes, l'art-thérapie et la thérapie du deuil. Le Dr Richardson exerce depuis 1991, tandis que Lisa travaille en psychiatrie depuis 1987.

Cette intégration vise à renforcer la capacité de PAX Health à fournir des solutions personnalisées en santé comportementale, tout en conservant l'approche de soins aux patients établie par Richardson Psychiatric Associates. Cette acquisition représente une étape importante dans la stratégie de croissance de PAX Health, axée sur l'amélioration de l'accès à des services complets de santé comportementale.

PAX Health, unterstützt von HCAP Partners und Hamilton Lane (Nasdaq:HLNE), hat die Übernahme von Richardson Psychiatric Associates bekannt gegeben, einer umfassenden ambulanten psychiatrischen Praxis im Westen Pennsylvanias. Dieser strategische Schritt erweitert das Portfolio der psychischen Gesundheitsdienste und die geografische Präsenz von PAX Health.

Gegründet von Dr. W. Randolph Richardson und Lisa Richardson, PMHNP-BC, spezialisiert sich die übernommene Praxis auf psychiatrische Bewertungen, Medikamentenmanagement sowie verschiedene therapeutische Ansätze, darunter kognitive Verhaltenstherapie, Traumatherapie, Kunsttherapie und Trauertherapie. Dr. Richardson praktiziert seit 1991, Lisa ist seit 1987 in der Psychiatrie tätig.

Die Integration zielt darauf ab, die Fähigkeit von PAX Health zu verbessern, maßgeschneiderte Lösungen im Bereich der Verhaltensgesundheit anzubieten, während der etablierte Patientenbetreuungsansatz von Richardson Psychiatric Associates beibehalten wird. Die Übernahme stellt einen bedeutenden Schritt in der Wachstumsstrategie von PAX Health dar, die darauf abzielt, den Zugang zu umfassenden Dienstleistungen im Bereich der Verhaltensgesundheit zu verbessern.

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RED BANK, N.J., April 17, 2025 /PRNewswire/ -- PAX Health, a leading behavioral healthcare company backed by HCAP Partners and funds managed by Hamilton Lane (Nasdaq:HLNE), today announced its acquisition of Richardson Psychiatric Associates, a comprehensive outpatient psychiatric practice serving adults, adolescents, children, and families.

This strategic acquisition enhances PAX Health's portfolio of mental health services and expands its geographic footprint in Western Pennsylvania, strengthening the company's ability to deliver high-quality psychiatric care across diverse patient populations.

"Richardson Psychiatric Associates has established an outstanding reputation for providing personalized mental health treatment in a compassionate environment," said Anthony DeSena, CEO of PAX Health. "Dr. Richardson and his team's expertise in psychiatric evaluations, medication management, and specialized therapeutic approaches adds significant value to our service offerings and aligns perfectly with our mission to improve access to comprehensive behavioral healthcare, further supporting the expansion of our geographic footprint."

Co-founded by Dr. W. Randolph Richardson and Lisa Richardson, PMHNP-BC, Richardson Psychiatric Associates offers a wide range of services including psychiatric evaluations, medication management, and various evidence-based therapeutic modalities such as Cognitive Behavioral Therapy, Trauma Therapy, Art Therapy, and Grief Therapy. Dr. Richardson has been practicing psychiatry since 1991, while Lisa has worked in psychiatry since 1987, providing psychiatric evaluations and medication management to patients of all ages.

"We are excited about the partnership and are looking forward to the opportunity to help grow PAX's presence in Pennsylvania," said Dr. W. Randolph Richardson, MD, Co-Founder of Richardson Psychiatric Associates. "We anticipate being able to use our thirty-plus years of knowledge of the Western Pennsylvania market to improve the availability of high-quality mental health services in our area. We are hopeful that we will have a long-term legacy for our practice as we build our partnership with PAX through the coming years."

"We look forward to continuing the patient-centered and compassionate care we currently provide in conjunction with our new PAX partners, now with a new ability to grow and expand our services to a broader community," added Lisa Richardson, CRNP, Co-Founder of Richardson Psychiatric Associates.

This acquisition represents another significant step in PAX Health's growth strategy, supported by healthcare-focused private equity firm HCAP Partners and global investment management firm Hamilton Lane. The integration will enhance PAX Health's ability to deliver customized behavioral health solutions while preserving Richardson Psychiatric Associates' established approach to patient care.

About PAX Health

PAX Health is a leading behavioral health company dedicated to providing innovative and comprehensive solutions for mental health and well-being. Through strategic integration of best practices and resources, PAX Health delivers tailored solutions for individuals, businesses, and communities seeking comprehensive behavioral health services.

About Richardson Psychiatric Associates

Richardson Psychiatric Associates offers outpatient psychiatric treatment for adults, adolescents, children, and families. Co-founded by Dr. W. Randolph Richardson and Lisa Richardson, PMHNP-BC, the practice provides services including psychiatric evaluations, medication management, and various therapeutic approaches in a comfortable, supportive environment.

Dr. Richardson is Board Certified in Psychiatry by the American Board of Psychiatry and Neurology. He completed his medical school training at Emory University School of Medicine and completed Psychiatry Residency training at the University of Pittsburgh Medical Center. Lisa Richardson holds a master's degree in Psychiatric Mental Health Nursing from the University of Pittsburgh and Post-Master's Certificates for Psychiatric Mental Health Nurse Practitioner from both Drexel and Rush Universities. She is board certified as a Psychiatric Mental Health Nurse Practitioner Across the Lifespan by the American Nurses Credentialing Center.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pax-health-acquires-richardson-psychiatric-associates-expanding-mental-health-services-for-adults-adolescents-and-families-302431022.html

SOURCE PAX Health

FAQ

What services will PAX Health gain through the Richardson Psychiatric Associates acquisition?

PAX Health gains psychiatric evaluations, medication management, and specialized therapies including Cognitive Behavioral, Trauma, Art, and Grief Therapy services for adults, adolescents, children, and families.

How will the acquisition impact PAX Health's presence in Western Pennsylvania?

The acquisition strengthens PAX Health's geographic footprint in Western Pennsylvania, leveraging Richardson Psychiatric Associates' 30+ years of market experience to improve mental health service availability.

What is the experience level of Richardson Psychiatric Associates' founders?

Dr. W. Randolph Richardson has practiced psychiatry since 1991, and Lisa Richardson has worked in psychiatry since 1987, providing psychiatric evaluations and medication management.

How does this acquisition align with Hamilton Lane's (HLNE) investment strategy?

The acquisition aligns with Hamilton Lane's investment in PAX Health's growth strategy, focusing on expanding behavioral healthcare services and geographical presence through strategic acquisitions.

What will happen to Richardson Psychiatric Associates' existing patient care approach?

PAX Health plans to preserve Richardson Psychiatric Associates' established patient care approach while integrating it into their broader behavioral health solutions platform.
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