Atar Capital Continues to Invest in Growth of Portfolio Company, Pathways, With Acquisition of Human Resource Training, Inc.

Atar Capital, a global private investment firm, announced the fifth acquisition in fewer than two years through its portfolio company, Pathways Health and Community Support, LLC (Pathways), with the closing of Human Resource Training, Inc. (HRT), a provider of foster care and social services to families and youth in the central and northern regions of Arizona. This acquisition extends Pathways’ current footprint in Arizona from eight to twelve counties and augments services in two of Arizona’s largest counties, Maricopa and Pima. Atar Capital acquired Pathways in 2018 as part of a strategy to put the firm’s cross-functional expertise to work in a critical and fast-growing segment in the healthcare space. Terms of the agreement were not disclosed.

HRT was incorporated in 1981 offering services as a small therapeutic foster care program. Today, the organization provides services to traditional, medically complex and therapeutic foster care homes. In addition, HRT offers parenting skills programs and services for the developmentally disabled population.

Pathways, led by CEO Jill Winters, is one of the largest providers of behavioral and mental health services in the United States. With its diversity in location, Pathways serves clients in 18 states and the District of Columbia, employing a team of 5,000+ dedicated staff members working across the country to create healthier communities by providing behavioral health services that include counseling, telehealth, autism services, case management, therapeutic foster care, parent education, supportive employment and substance use services. The company also offers employer-based programs through Pathways at Work, a series of customized workplace health and well-being seminars, webinars and other resources for employees.

Winters said, “The support and expertise of Atar Capital guided our acquisition strategy and assures we have the resources necessary to expand our services into new communities.”

Atar’s investment team for the transaction included Founder and Managing Partner of Atar Capital Cyrus Nikou, Senior Managing Director Robert Lezec, Managing Directors Stanley Huang and Vijay Mony and Vice President Roman Zelinsky. Dykema provided legal counsel to Atar Capital.

About Atar Capital

Atar Capital is a global private investment firm that acquires a wide range of lower middle market businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital’s principals have completed more than 80 private equity transactions across North America, Europe and South America.

Atar Capital’s combination of operational expertise, industry knowledge and investment experience provide a unique edge in creating value and working as a true partner with its portfolio companies. The firm assists in activities ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar’s leadership team, as well as its bench of seasoned senior advisors with deep sector and functional expertise. For more information, please visit www.atarcapital.com.

About Pathways

Pathways Health and Community Support, LLC is one of the largest providers of behavioral and mental health services in the United States. Originally founded in 1997 as Providence Service Corporation, and subsequently acquired by Atar Capital in 2018, Pathways’ mission is to improve the lives of people by inspiring personal growth, health and wellness. The organization offers a full spectrum of social services and behavioral health solutions, including mental health support, youth and family services, adult services and prevention services, to clients in their homes or through telehealth and community-based resources. The company also offers employer-based programs to help employees manage stress, anxiety and other behavioral health challenges through Pathways at Work, a series of customized workplace health and well-being seminars, webinars and other resources for employees.

For more information visit www.pathways.com.

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