OUR STRATEGY
Focused Strategy, Creative Execution & Consistent Growth

Support Partner Expansion
Be the preferred capital partner for the expansion and growth aspirations of best-in-class programs that have regional expertise and favorable demographics

Creatively-Financed Development
Draw on deep experience and a long history of health care and real estate financing

Unique, Accretive Investments
Utilize our operational and asset management expertise to identify and capitalize on new opportunities

Diversified Portfolio
Focused on all aspects of behavioral health service delivery. We continue to curate our portfolio of services to help our partners meet the changing needs of the healthcare environment
Why Thrive?
We work with best-in-class operators who need assistance to grow
We provide financial, human and intellectual capital to fuel growth
We are a strategic partner focused on changing behavioral healthcare: better outcomes and greater consumer satisfaction, at affordable costs
We support Providers with Highly Engaged Leadership Teams who deliver Superior clinical outcomes and consumer satisfaction, at affordable costs
OUR FOCUS

Large & Fragmented Market Landscape Presents Huge Opportunities

The Behavioral health market is highly fragmented, with few large platforms

Numerous small players in the space, many backed by smaller private equity funds

Substance abuse treatment is a fast growing and highly fragmented industry with over 16,000 treatment clinics and centers

There is a dearth of large, scalable platforms in the behavioral health space
our team
Management Team
Jerome Vaccaro
Chief Executive Officer
- Jerry has served in CEO positions in clinical delivery systems, insurers, academic health programs, and specialty health organizations, including APS Healthcare, United Behavioral Health, PacifiCare Behavioral Health and UCLA
- He serves on Boards of private-equity backed companies in the healthcare and technology sectors. Jerry actively consults and direct programs for a wide-range of specialty Heath Care Companies, including Behavioral Health organizations, ACO’s and payers
- Dr. Vaccaro received his M.D. and psychiatric residency training at the Albert Einstein College of Medicine and is board-certified in psychiatry. He received his undergraduate degree from CUNY-Brooklyn College
JOANNE BROWN LEE
Executive Vice President, Strategy and Operations
- Joanne has served in numerous operating executive roles in companies including APS Healthcare (COO), Elements Behavioral Health, PacifiCare Health Systems, Prudential Healthcare
- As a healthcare consultant, she has managed a wide variety of projects assisting behavioral health care companies on program design, process improvements and workflow optimization
Board of Directors
Steve Fishman
Chairman of the Board
- Mr. Fishman co-founded Formation Capital in 1999 and invested over $4 billion in real estate assets across senior housing, multifamily and hotels
- He has significant experience investing in healthcare operating companies
- Prior to founding Formation Capital, he spent 20 years as a CPA serving health care and real estate industries
- He graduated with a BS in Accounting from Drexel University
Eli Davis
Board Member
- Eli Davis is the co-founder and managing partner of Cane Investment Partners, LLC. and is also the chairman of Cane’s Investment Committee and its affiliates
- Over the past two decades, Mr. Davis has personally closed over $1 billion in transactions
- Previously, he served as president and chief operating officer of First National Assets, LLC, overseeing the financial aspects of the business as well as monitoring and managing individual investment portfolios
Joe Fox
Board Member
- Joe is a Co-Founding Partner of Shelbourne Capital
- Prior to Shelbourne, Joe worked with Pitcairn Properties and CB Richard Ellis in Philadelphia, where he developed an extensive real estate owner/operator background
- He has built the operating partner platform with institutional partners including GE Capital, SEB ($4 billion German open-ended real estate fund), Capmark, Citigroup, and Lexington Corporate Properties Trust
- Joe also spent 17 years with CB Richard Ellis (CBRE) in its Philadelphia office, specializing in value-added real estate transactions
Yaakov Spinrad
Board Member
- Yaakov Spinrad is a Venture Partner at Cane Investment Partners. Yaakov’s diverse background lends a unique perspective to Thrives investment process. Prior to Cane’s founding, he worked at a single-family office, where he was both the director of acquisitions, and responsible for numerous portfolio operating companies, and real estate investments