Acquiring Minds

Behind Every Great Searcher: A Wife's Journey with Search

26 snips
Feb 17, 2025
Cliff Nelson, CEO of Psycho Geriatric Services, shares his journey of acquiring a large business while becoming a first-time parent. His wife, Christine, a Senior Product Development Scientist at McCormick, offers insight into the emotional complexities they faced. They discuss the highs and lows of their two-year search, Cliff's job resignation just before COVID, and the chaos of finalizing a business deal while welcoming a new baby. Their shared experiences highlight the crucial role partners play in navigating life's transitions amid entrepreneurship.
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ANECDOTE

Shreveport Deal

  • Cliff considered a business in Shreveport, but Christine's strong negative reaction highlighted the importance of partner alignment on location.
  • The deal ultimately fell through for other reasons.
ANECDOTE

Two Babies at Once

  • Cliff and Christine decided to start a family during the search, assuming the timing of a closing and birth wouldn't overlap.
  • Against the odds, the deal closed, and their son was born within days.
INSIGHT

Business Overview

  • Psycho Geriatric Services provides mental and behavioral health to nursing home residents, serving a critical need.
  • Their revenue relies on Medicare, Medicaid, and private insurance, not the facilities themselves.
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