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PE-Backed Tristone Healthcare Acquires Next Steps
Tristone Healthcare, a portfolio company of Manchester-based private equity firm Tristone Capital, announced on December 13 its acquisition of K Bond Healthcare Ltd, doing business as Next Steps. Duke Royalty Ltd supported the transaction with a follow-on investment of £3.2 million (approximately $3.968 million) into existing royalty partner Tristone Healthcare to fund its acquisition. Duke Royalty has now invested £17.6 million (approximately $21.824 million) into Tristone Healthcare. Moore & Smalley acted as finance and tax advisor and St. Johns Legal acted as legal advisor for Tristone. Redwoods Dowling Kerr acted as broker, DHD & Co acted as accountants and Ison Harrison acted... Read More »
Pinnacle Treatment Centers Acquires MBA Wellness Center
Pinnacle Treatment Centers, a portfolio company of private equity firm Linden Capital Partners, announced on December 8 its acquisition of MBA Wellness Center in Stockbridge, Georgia. According to the LevinPro HC database, this marks the 96th Behavioral Health Care transaction of 2022 and the 40th in the substance use disorder speciality. This is Pinnacle’s second acquisition in six months. Pinnacle entered the Georgia market in August 2020 when it purchased HealthQwest, an opioid addiction treatment provider with five locations. MBA Wellness Center will take the HealthQwest name, and together, the six centers will help more than 1,300 patients every day overcome opioid use disorder. Terms... Read More »
BayMark Health Services Acquires Addiction Treatment Provider Nashville Recovery
BayMark Health Services announced its acquisition of Nashville Recovery, an office-based opioid treatment (OBOT) program approximately 10 miles south of Downtown Nashville. This acquisition expands BayMark’s OBOT program total to 70 locations across 19 states. Terms of the deal were not disclosed. Established in 2017, Nashville Recovery provides OBOT services to individuals living with an opioid use disorder, via in-office and telemedicine visits. BayMark Health Services, a portfolio company of private equity firm Webster Equity Partners, provides medication-assisted treatment for opiate addiction and dependency to more than 73,000 patients across more than 400 treatment facilities... Read More »
ARC Health Acquires Lotus Consulting
ARC Health, a Thurston Group portfolio company, announced its acquisition of Lotus Consulting, PLLC on November 30. Lotus Consulting is a comprehensive mental health therapy practice in Ann Arbor, Michigan. Founded and led by Ilona Phillips, LMSW, the practice specializes in mindfulness-based wellness and mental health services ranging from mental health assessments for individuals to training, education and healing methodologies for couples and groups. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States. ARC was formed in 2021 in partnership with outpatient mental... Read More »
Newport Healthcare Acquires PrairieCare
Newport Healthcare has acquired PrairieCare, a psychiatric health system offering services for all ages including free mental health screenings, clinic services, an inpatient psychiatric hospital, outpatient programs, partial hospitalization programs and residential services. PrairieCare is based in Minnesota with nine locations across the Twin Cities metro area, Mankato and Rochester. Nashville-based Newport Healthcare offers residential and outpatient treatment programs in 15 metro areas and 11 states. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 93rd Behavioral Health Care transaction of 2022. This compares with 110 Behavioral Health... Read More »Schedule a demo
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