Recapitalization of InSight Telepsychiatry

Arnold & Porter advised Harbour Point Capital (Harbour Point), a healthcare services-focused private equity firm, in their recent recapitalization of InSight Telepsychiatry (InSight), a leading national telepsychiatry services provider.

Harbour Point Capital led a growth recapitalization of InSight Telepsychiatry, the leading national telepsychiatry services provider organization.

The Company’s founders, including Chief Medical Officer Dr. Jim Varrell, and InSight CEO Geoffrey Boyce, have reinvested the majority of their holdings and will remain significant shareholders in InSight.

InSight addresses fundamental challenges related to timely access to mental health care for both emergency departments (EDs) and community mental health centers (CMHCs). The company’s on-demand telepsychiatry division provides emergency departments with timely psychiatric consults, enabling quicker access to care and significantly improving the throughput of EDs. InSight’s scheduled telepsychiatry services division provides CMHCs and other community-based settings with much needed access to psychiatric services and specialists in underserved communities. InSight also has a direct-to-consumer telebehavioral health division, Inpathy, that offers psychiatry and behavioral health services directly to non-acute individuals in their homes or other private settings.

The InSight team began providing telepsychiatry services in 1999 within the CFG Health Network, an organization that remains an InSight partner. Since then, InSight has established itself as a clear market leader within the telepsychiatry sector with the company serving patients in hundreds of facilities and care settings across the country. With Harbour Point Capital’s investment, InSight will continue to build upon its market leading position by accelerating growth in both existing and new geographies and increasing its established base of psychiatrists and psychiatric nurse practitioners. Organizations in partnership with InSight can continue to expect consistent and quality service, with additional resources that will be laser focused on delivering dependable, best-of-class care.

Arnold & Porter advised Harbour Point Capital with a team including Corporate & Finance partner Lowell Dashefsky (Picture) and associate Naomi Hartman; Life Sciences and Healthcare Regulatory partner Allison Shuren and associate Victoria Wallace; and Tax partner Laurie Abramowitz.

Involved fees earner: Lowell Dashefsky – Arnold & Porter Kaye Scholer LLP; Naomi Hartman – Arnold & Porter Kaye Scholer LLP; Allison Shuren – Arnold & Porter Kaye Scholer LLP; Victoria Wallace – Arnold & Porter Kaye Scholer LLP; Laurie Abramowitz – Arnold & Porter Kaye Scholer LLP;

Law Firms: Arnold & Porter Kaye Scholer LLP;

Clients: Harbour Point Capital;

Author: Ambrogio Visconti