Ziegler Advises Tridiuum On Its Acquisition By New Directions Behavioral Health

By Maria Kingston.
Updated Jan 25, 2022

CHICAGO (PRWEB) January 25, 2022 - Ziegler, a specialty investment bank, is pleased to announce it served as exclusive financial advisor to Tridiuum, a leading digital behavioral health company, on its transaction with New Directions Behavioral Health (New Directions), a provider of comprehensive behavioral health solutions.

This combination creates a leading provider of technology-enabled behavioral health services, empowering New Directions dedicated care teams to supply its more than 15 million members nationally with more direct and immediate access to providers resulting in increased quality of care through measurement-based outcomes. It also builds on the recent successful partnership between New Directions and Tridiuum through their Florida-based program, which launched in December 2021. As of January 14, 2022, five weeks since the partnership began, more than 450 individuals have been screened, with the average speed to first appointment standing at approximately four days. This compares to the current standard of care average of 25 days, with the most challenging timelines exceeding 90 days for a first appointment. Already, more than 100 provider practices have joined the program in its first phase bringing meaningful brick and mortar options, as well as a significant national virtual presence to New Directions' members.

Tridiuum accelerates patient access to the most appropriate care by automating behavioral health screening, triaging, matching and online scheduling through its easy-to-use system that can be seamlessly integrated with existing platforms. Used by nationally recognized medical and behavioral health providers and health plans, Tridiuum's proprietary technology provides real-time information to support improved clinical decision making while also measuring quality of care. Founded on nearly 20 years of behavioral health research, Tridiuum has served more than 1.4 million patients across more than 11,000 providers through its suite of offerings.

New Directions improves access to quality behavioral healthcare through a comprehensive suite of coordinated behavioral health services. The company supports over 15 million individuals nationally, in partnership with health plans, employers and higher education institutions. Leveraging more than 25 years of experience, New Directions delivers an integrated approach to whole-person care with a commitment to innovation that puts members first.

Chris Rogers, Managing Director in Zieglers Healthcare Corporate Finance practice, commented, We were thrilled to partner with the innovative team at Tridiuum on this opportunity. Tridiuums comprehensive technology solution-set, when combined with New Directions coordinated behavioral health services offerings, will reduce the roadblocks associated with access to mental healthcare care, enhance member experience, and ensure provider quality which collectively will lead to demonstrable improvement in outcomes.

Mark Redlus, the CEO of Tridiuum stated, We appreciated the senior level attention Ziegler brought to this partnership. The Ziegler team leveraged both their deep domain knowledge in the behavioral and mental health technology and services sectors and transactional expertise to effectively and efficiently optimize the outcome for the Company. We are very pleased with the decision to engage Ziegler to work with us.

Zieglers Corporate Finance team is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services.

For more information about Ziegler, please visit us at http://www.ziegler.com.

About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit http://www.ziegler.com.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This clients experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

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