Bloom Health Centers

New Harbor identified outpatient mental health as a focus area in 2014 and executed this thesis with an investment in Community Psychiatry in 2015. After exiting Community Psychiatry in August of 2020, New Harbor revisited its original behavioral health thesis and found that many of the macro trends that initially drew us to the sector were just as, if not more, favorable today than they were initially in 2014. We set out to find a local market leader and identified the Mid-Atlantic region as optimal to execute a strategy.

In July 2021, we partnered with Psych Associates of Maryland (“PAM”), an independent provider of outpatient mental health services in Maryland. PAM had been providing services to the Maryland market for decades, but more recently had been acquired by Dr. Nithin Krishna, who upon taking over ownership in 2018, led the business through a period of rapid growth and expansion.

In April 2022, PAM merged with Comprehensive Behavioral Health (“CBH”), an independent provider of outpatient mental health services in Northern Virginia/DC, founded by Dr. Neel Nene. Dr. Nene had built a clinical model and care team approach, which provides both inpatient and outpatient services effectively coordinating mental health care. With multiple locations across Northern Virginia and DC, CBH was a growing provider of mental health services in its market.

The combination of these two groups, PAM and CBH, provided the foundation to form Bloom Health Centers (“Bloom”, “the Company”). Bloom aims to provide improved access to care and better outcomes for patients and communities alike by harnessing the power of a care team model, coupled with advanced therapies.

New Harbor looks forward to supporting Bloom’s success in increasing access to high-quality mental healthcare services across the Mid-Atlantic region and beyond.