Summit BHC Moves into Colorado

Summit BHC Moves into Colorado

by | Jan 24, 2020 3:16 pm | Behavioral Health Care

It’s been some time since we heard about Summit BHC. There’s a good reason, too. It hasn’t announced an acquisition since October 2018. Now comes news the firm has moved into Colorado, making its first acquisition in the state. On January 22, the company added Peak View Behavioral Health, a 112-bed acute psychiatric and behavioral health hospital in Colorado Springs. Financial terms were not disclosed. Summit was founded in 2013 to develop and operate a network of addiction treatment and behavioral health centers throughout the United States. Flexpoint Ford LLC made a controlling investment in the Franklin, Tennessee-based firm in 2015 and exited in October 2017 to Lee... Read More »
Behavioral Health Care Deals Keep Growing

Behavioral Health Care Deals Keep Growing

by | Sep 27, 2018 3:12 pm | Behavioral Health Care, Private Equity

Behavioral health care deals are on a hot streak. Only three quarters of the way through 2018, at least 59 deals have been made public, compared with 56 in all of 2017. Despite the soaring valuations, the buyers keep lining up. For example, another platform-builder just entered the sector. River Cities Capital Funds, a growth equity firm based in Cincinnati, acquired Carolina Partners in Mental HealthCare (CPMH), North Carolina’s largest provider of outpatient mental and behavioral healthcare services across North Carolina with more than 120 mental health professionals. River Cities Capital plans to work with CPMH’s management to aggressively grow the company’s footprint... Read More »