FasPsych Acquired By Private Equity Investor

Scottsdale, Arizona-based FasPsych, a tele-psychiatry services provider which serves the hospitals, community mental health centers, residential mental health markets, has been acquired by private equity investor Pharos Capital Group. Financial terms of the acquisition were not disclosed. The companies said that FasPsych's management team continues to hold a "significant equity stake" in the company. FasPsych was founded in 2007 by Ed Irby. The company's current CEO is Abraham Barton.