LifeStance Health Partners has announced it is expanding its outpatient behavioral health offerings with an investment from TPG Capital. The global asset firm joins LifeStance’s existing investors, Summit Partners and Silversmith Capital Partners.
LifeStance offers outpatient behavioral health services in person, as well as through telehealth. The company is in-network with commercial insurers and employs 2,000 clinicians at 200 offices in 15 states.
In a news release announcing the deal, LifeStance CEO Michael Lester said the company will use the added investment to grow both its geographic and digital footprint.