Ropes & Gray advised Summit Partners, Silversmith Capital Partners and LifeStance Health in connection with an investment by TPG Capital in LifeStance Health. Financial terms were not disclosed. The deal was announced on April 16. The press release is here.
LifeStance is a behavioral healthcare company focused on providing evidenced-based, medically driven treatment services for children, adolescents and adults suffering from a variety of mental health issues in an outpatient care setting, both in-person and through its digital health telemedicine offering. Founded in 2017, LifeStance has been at the forefront of bridging the gap between behavioral health patients and clinicians in a critical but underserved segment of the healthcare ecosystem.
The Ropes & Gray team that advised Summit Partners, Silversmith Capital Partners and LifeStance included private equity associate Sandy Boer, tax partner Aaron Harsh, health care partner Timothy McCrystal (all of Boston), and benefits partner Alexandra Alperovich (New York).
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