#USA #Cleveland #Behavioral Health #Thurston Group #ARC Health

ARC Health's Strategic $182 Million Financing

On November 12, 2025, Thurston Group announced a significant milestone for its portfolio company, ARC Health. The behavioral health services provider secured a $182 million credit facility aimed at refinancing its existing debt and funding its ambitious growth initiatives. This financial boost is essential for ARC's ongoing mission to expand its practice network and improve the quality of patient care.

Founded in 2021, ARC Health is headquartered in Cleveland, Ohio, and has quickly established itself as a prominent player in the outpatient behavioral health services landscape. With over 1,300 clinicians operating across 91 locations in 20 U.S. states, ARC is committed to a patient-centered model that delivers outstanding clinical and operational results. Its comprehensive capabilities in behavioral health care, backed by a data-driven operational approach, differentiate ARC from its competitors.

The $182 million credit facility is poised to empower ARC Health to leverage this fresh capital for expanding its geographical reach and enhancing partnerships with local practices. CEO Vince Morra expressed his enthusiasm for the new credit line, highlighting its importance in ARC's growth journey: "This new credit facility marks an exciting milestone in ARC's growth trajectory. It provides us with the necessary capital and flexibility to continue our expansion, bolster our partner practices, and advance access to high-quality behavioral health care across the nation."

The decision to secure this funding comes at a time when there is an increasing need for access to behavioral health services, especially as mental health awareness grows across the country. With this new financial backing, ARC Health is well-positioned to meet the rising demand for such services while focusing on patient care quality.

Dan Davis, Managing Partner at Thurston Group, also shared his excitement about this development, stating: "Thurston is proud to support ARC. This new credit facility signals the start of another growth phase for ARC Health, and our partnership signifies our confidence in the company’s strategic direction, leadership, and commitment to providing exceptional care."

ARC Health continues to demonstrate its dedication to enhancing patient experiences and outcomes through effective partnerships and innovative operational strategies. The company is supported in this financial endeavor by Houlihan Lokey, who acted as the placement agent, while Wilkie Farr & Gallagher served as legal advisors. Twin Brook Capital Partners took on the role of administrative agent, joint lead arranger, and sole bookrunner for this significant credit transaction.

With a solid foundation and this new credit facility, ARC Health is set to advance its objectives and become a leading choice for patients seeking behavioral health assistance. As it moves forward, ARC Health remains committed to enhancing the standard of care and expanding its influence across the behavioral health sector. Through strategic growth initiatives and unwavering dedication to quality, ARC is ready to navigate the next chapter in its evolution.