Alliance Healthcare Services
(Memphis, TN)
True Mountain Capital led Alliance Healthcare Services in the successful closing of a $10 million New Markets Tax Credit (NMTC) Qualified Equity Investment (QEI) to finance the development and operation of Alliance Health’s Adult and Children’s Crisis Centers located within a federally designated medically underserved area with deep distress in Memphis, Tennessee.
The NMTC financing supports two critical behavioral health facilities that together expand access to crisis stabilization and mental health services for underserved populations. The Adult and Children’s Crisis Centers are expected to serve a combined 8,100 patients annually, with 95% of patients qualifying as low-income persons (LIPs) and 70% identifying as minority individuals
The project is also expected to generate significant economic impact, creating 71 full-time equivalent (FTE) jobs to support clinical care, operations, and facility management. Through this transaction, the NMTC program played a central role in strengthening the region’s behavioral health infrastructure while advancing equitable access to care and quality employment opportunities in the Memphis community.
True Mountain Capital is deeply grateful for the collaboration and commitment of its partners JPMorgan Chase, Hope Community Capital, Novogradac & Company LLP, and Butler Snow whose expertise and teamwork helped bring this important investment to fruition.