Lindsay Goldberg Sells Stake in Refresh Mental Health to Kelso & Company

NEW YORK--(BUSINESS WIRE)--Lindsay Goldberg, a leading private investment firm focused on partnering with families, founders and management teams, today announced that funds managed by the firm have sold their interests in Refresh Mental Health (“Refresh”), a leading provider of outpatient mental health services in the United States, to affiliates of Kelso & Company.

Refresh was founded in 2017 by Lindsay Goldberg, in partnership with Steve Gold, Refresh’s Chief Executive Officer, and his father and Lindsay Goldberg affiliate partner, Mark Gold, MD, with the mission of creating a national provider of commercial, in-network mental healthcare singularly focused on clinical excellence. Since inception, Refresh has expanded its footprint through an extensive acquisition, clinician recruitment, and new location growth strategy, and today has locations in 28 states with approximately 2,000 mental health clinicians and more than one million patient visits annually. The company’s psychiatrists, psychologists, and licensed clinical social workers treat the full spectrum of mental health conditions across all age ranges in both in-person and telemedicine settings.

“We built Refresh together with Lindsay Goldberg upon the core value and principle that there needed to be greater access to the highest quality mental health services within local communities across this country,” said Steve Gold. “In partnership with Lindsay Goldberg, we have significantly increased access to such services without compromising the quality of care our patients need and expect. We look forward to aggressively pursuing our growth and acquisition strategy as we continue to serve as the partner of choice for clinical thought leaders who value Refresh’s clinical excellence and patient outcomes.”

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised more than $17 billion of equity capital and has invested in over 50 platform companies and over 250 follow-on opportunities. Lindsay Goldberg takes a relationship driven approach, centered upon a collaborative investment model, and is supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.