It’s a far cry from where the business was when Granpeesheh closed her blockbuster deal with Blackstone just five years ago, in a move she thought would help the autism treatment firm expand further and faster. Granpeesheh, who owned about 75% of the company at the time , says she received $315 million in cash and reinvested another $135 million for an approximately 30% stake in the company, which was then valued by Blackstone at approximately $600 million.
Granpeesheh’s interest in autism took root during her time as a student at UCLA. She took a class called “Behavior Modification” with well-known but controversial psychology professor Ivar Lovaas. He’s known as the “father of applied behavior analysis therapy,” or ABA, a treatment alternative at a time when autistic people were frequently institutionalized.
“She would recruit staff from, like, Starbucks … and she taught all of us to take care of each other, so that we could do the best we could for our patients,” says Henry Moore, who worked at CARD from 1995 through the end of 2022 as a therapist and then director of compliance.Let Me Hear Your Voice “After insurance coverage came out, it was possible to go everywhere and help every family,” Granpeesheh says. “It wasn't a matter of cost anymore. So then I opened another hundred or so clinics within a couple of years.”
“In any field, the big fish are the ones that influence the field,” Granpeesheh says. “I was concerned that I would no longer be the biggest. I didn’t want to lose a place at the table.”
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