The behavioral health care sector has a new acquirer in its midst. Recovery Centers of America, a portfolio company of Deerfield Management, announced its first deal on March 9. Recovery Centers of America, based in King of Prussia, Pennsylvania, was launched in September 2015 by real estate developer J. Brian O’Neil and received $231.5 million from Deerfield soon thereafter.
The target was Lighthouse Recovery Center, a 53-bed drug and alcohol abuse treatment facility in Mays Landing, New Jersey. The acquisition includes the residential treatment center and three satellite outpatient sites in south Jersery.
