About the Transaction
Paramax advised TenEleven Group Inc. as an add-on acquisition to Therapy Brands. Paramax served as the exclusive M&A advisor to TenEleven on this transaction.
TenEleven Group Inc. is a Software as a Service (SaaS) company that provides SaaS solutions to health and human services agencies. The Company offers a suite of regulatory compliant electronic Clinical Record (eCRTM) products for behavioral health services that streamline workflow and increase regulatory compliance. TenEleven’s products cover the entire business process, including referral, scheduling, treatment, billing, discharge, and aftercare. TenEleven’s software increases care quality and direct care time, reduces costs, and accelerates users’ revenue cycles.
The buyers, Therapy Brands, are executing a strategy to roll-up several like-focused technology companies into a single platform. Therapy Brands has become a premier fully-integrated platform for mental and behavioral health providers, offering web-based practice management and claims processing software, as well as ancillary services to mental and behavioral health practices and care providers.
Paramax Corporation, which led the deal negotiations for TenEleven, is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions. Paramax is headquartered in Williamsville, NY with an International reach through its partnership in Globalscope Partners, a group of international corporate finance and business advisors operating globally to support M&A transactions.
For more information on this transaction, please contact a member of our deal team.
