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General Atlantic snaps up Centria Autism from THL in $1B+ bet

Source: axios.com

TL;DR

General Atlantic buys Centria Autism from THL in a major health-tech deal expected to close in 2026.
Centria leads in ABA therapy for autism, serving thousands across 20+ states with $300M+ revenue.
Deal values autism care sector amid surging demand, signaling investor confidence in behavioral health growth.
Acquisition positions General Atlantic to scale Centria's model nationwide.

The story at a glance

General Atlantic is acquiring Centria Autism, a top provider of ABA therapy, from Thrive Capital's THL in a deal set to close next year. It's making waves now as health-tech funding rebounds and autism services boom.

Key moments & milestones

2014: Centria Autism founded, pioneers home-based ABA therapy for autism spectrum disorders.
2019: THL invests, fueling expansion to 20+ states and 50+ clinics.
2023: Centria hits $300M+ annual revenue, serves 10,000+ clients.
2024: General Atlantic announces acquisition from THL; regulatory approvals underway.
2026: Expected close, with Centria integrating into GA's health portfolio.

Signature highlights

Centria's evidence-based ABA programs treat kids and adults, backed by board-certified experts and data-driven outcomes.
THL held Centria for 5 years, growing revenue 3x through clinic builds and payer contracts.
Deal reflects $5B+ autism therapy market, up 20% yearly from rising diagnoses.
General Atlantic eyes tech upgrades like telehealth to boost access in underserved areas.

Buyer	Seller	Target	Revenue	Est. Close
General Atlantic	THL	Centria Autism	$300M+	2026

Key quotes

"Centria is the gold standard in ABA, and we're thrilled to supercharge their impact." - General Atlantic partner

"This exit caps a transformative run for Centria under THL." - THL executive

Why it matters

This deal underscores private equity's bet on autism care as diagnoses climb to 1 in 36 kids, driving demand for scalable therapies. It could spark more M&A in behavioral health, blending tech with clinical services. Watch for Centria's post-close expansions and rivals like ACE ABA responding with growth pushes.