Introducing South Jersey Behavioral Health Resources

Inperium Inc. and South Jersey Behavioral Health Resources (“SJBHR”) announced that they have entered into an Affiliation Agreement whereby SJBHR will become an affiliate of Inperium of New Jersey.

Theresa C. Wilson MSW, LCSW, SJBHR’s CEO and former Deputy Commissioner of the New Jersey Department of Human Services, will become CEO of Inperium of New Jersey and lead that division’s future operations and business development activities SJBHR is a South Jersey nonprofit behavioral health provider of adult and children’s outpatient services, adult partial care, residential and community support services as well as homeless services with annual revenues approximating $14 million.

Inperium is a diversified Pennsylvania-based nonprofit with annualized revenues approximating $125 million. Terms of the affiliation agreement were not disclosed but included a transfer of consideration to SJBHR and the establishment of Inperium of New Jersey as the sole member of SJBHR. 

The transaction with SJBHR is Inperium’s second business combination of Fiscal 2019 and its third of calendar 2018; Inperium closed five transactions in calendar 2017. 

Inperium Chief Executive, Ryan D. Smith, commented regarding the affiliation: “This transaction is Inperium’s second in New Jersey. We anticipate additional transactions in New Jersey, together with our first New York transaction in the months ahead”.