{"id":14342,"date":"2020-08-25T00:00:00","date_gmt":"2020-08-25T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-progressive-behavioral-science-on-its-sale-to-cultivate-behavioral-health-education\/"},"modified":"2026-06-25T13:56:19","modified_gmt":"2026-06-25T17:56:19","slug":"livingstone-advises-progressive-behavioral-science-on-its-sale-to-cultivate-behavioral-health-education","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/ko\/transaction\/livingstone-advises-progressive-behavioral-science-on-its-sale-to-cultivate-behavioral-health-education\/","title":{"rendered":"Livingstone advises Progressive Behavioral Science on its sale to  Cultivate Behavioral Health &#038; Education"},"content":{"rendered":"\n<p><strong>Livingstone is pleased to announce the firm\u2019s healthcare team has advised Progressive Behavioral Science &lpar;\u201cProgressive\u201d or the \u201cCompany\u201d&rpar; on its partnership with <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cultivatebhe.com\/\"><strong>Cultivate Behavioral Health &amp; Education<\/strong><\/a><strong> &lpar;\u201cCultivate\u201d&rpar;, a portfolio company of <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.imperialcapital.com\/\"><strong>Imperial Capital<\/strong><\/a><strong>. Livingstone acted as exclusive financial advisor to Progressive.<\/strong><\/p><p>Progressive is a clinician-led and leading independent provider of intensive Applied Behavioral Analysis &lpar;\u201cABA\u201d&rpar; therapy to clients with Autism Spectrum Disorder &lpar;\u201cASD\u201d&rpar; in the South Florida market. The Company primarily provides in-home therapy services as well as supplemental center-based services, including social skills groups, summer camps, and day programs. Progressive has been deeply embedded in special needs advocacy and the South Florida community for over a decade.<\/p><p>The prevalence of ASD has increased dramatically, most recently by nearly 10%, to 1 in 54 children in the U.S. Increasing awareness and prevalence have driven significant demand for high-quality care.<\/p><p><em>\u201cWe are thrilled to partner with Cultivate to expedite the Company\u2019s growth and strengthen Progressive\u2019s position in our community, bringing our culture of excellence and client and clinician-centered approach to more children and families in need,\u201d<\/em> stated <strong>Maria Arizmendi, Founder of Progressive<\/strong>. <em>\u201cLivingstone\u2019s experience in the sector was instrumental in educating and preparing us for a sale process. The Livingstone team provided our lean, clinician-led business the resources and support that allowed us to focus on the needs of our clients and therapists during these unprecedented times.\u201d<\/em><\/p><p><em>\u201cWe worked hand-in-hand with Maria to understand the unique characteristics and best position the opportunities of Progressive while designing a process to maintain momentum through to a close during a very challenging macro environment,\u201d<\/em> said <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/ko\/team\/jim-moskal\/\"><strong>Jim Moskal<\/strong><\/a><strong>, Partner at Livingstone<\/strong>. <em>\u201cPositioning the positive attributes and growth opportunities remains critical for small, rapidly-growing providers to realize value for recent investment, growth, and expected future performance, particularly when considering a transaction in the current market environment broadly impacted by COVID-19.\u201d<\/em><\/p><p><em>\u201cProgressive is an excellent example highlighting the value Livingstone provides its clients, most notably entrepreneur-owned and family-owned businesses,\u201d<\/em> added <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/ko\/team\/mark-carl\/\"><strong>Mark Carl<\/strong><\/a><strong>, Director at Livingstone<\/strong>. <em>\u201cOur niche sector expertise, real-time market insight, experienced resources, data-driven strategic analysis, and flexible, creative deal-making approach yielded an outstanding outcome for all parties.\u201d<\/em><\/p><p>Progressive represents Livingstone\u2019s third recent, successful transaction in the Behavioral Health sector, following the sales of Total Spectrum, a leading ABA therapy provider, to LEARN Behavioral and Broadstep Behavioral Health, a leading provider of services to individuals with intellectual or developmental disabilities, to Bain Capital\u2019s Double Impact fund. This most recent transaction marks Livingstone\u2019s 20th healthcare transaction since 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3596,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-14342","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1640,1646],"date":"20200825","client_type":52,"type":[1134],"region":[1205],"services":[455],"sectors":[787],"related_transactions":[14150,14225],"related_testimonials":[49506],"contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livingstone advises Progressive Behavioral Science on its sale to Cultivate Behavioral Health &amp; Education - Livingstone Partners<\/title>\n<meta name=\"robots\" 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