Pipeline: Monte Nido & Affiliates Entering New State; LifeStance Health Expands in Two Markets

Monte Nido & Affiliates to enter Georgia 

Monte Nido & Affiliates — a PE-backed eating disorder treatment provider — has announced that it is entering the state of Georgia, where it will add two programs.

Headquartered in Malibu, California, Monte Nido offers the continuum of eating recovery services, from residential to day treatment. It is owned by the PE firm Levine Leichtman Capital Partners.

Currently, Monte Nido has 25 facilities in 10 states. Once opened, Monte Nido Atlanta and Clementine Atlanta will raise those numbers to 27 and 11, respectively.

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Monte Nido Atlanta will offer treatment to adults of all genders, offering programming for eating disorders as well co-occurring behavioral health conditions. Meanwhile, Clementine Atlanta will treat adolescents of all genders between the ages of 11 and 17 who are struggling with eating disorders.

The new locations and Monte Nido’s expansion into Georgia are “reflective of the company’s continued commitment to expanding access to this critical care nationwide,” according to a press release announcing the news.

Landmark Recovery adds new center, re-brands another

Landmark Recovery has opened a new in-patient drug and alcohol recovery treatment center in Indianapolis.

Founded in 2016, Landmark operates drug and alcohol treatment centers in Indianapolis, Oklahoma City, Louisville and Lexington.

Its new 72-bed facility opened on Sept. 30. It offers in-patient residential treatment, detox, partial hospitalization, intensive outpatient, various forms of therapy and more.

In the press release unveiling the news, Landmark also announced that its previous location in Carmel, Indiana, has reopened under its sister company, Praxis by Landmark Recovery, a Medicaid-focused drug and alcohol rehabilitation center. The Carmel facility has 48 beds and will offer residential treatment and life skills training, among other programs.

LifeStance Health expands in Ohio, Pennsylvania

LifeStance Health Inc. — a PE-backed outpatient behavioral health provider — is opening a second location in the Dayton market, according to the Dayton Business Journal.

Bellevue, Wash.-based LifeStance offers a variety of in-person and telehealth services out of more than 200 offices across 15 states. It serves commercially insured patients on an in-network basis.

In April, LifeStance scored $1.2 billion from the PE platform company TPG Capital, with the money going toward expanding the company’s geographic reach and online presence. The investment supplemented existing backing from Summit Partners and Silversmith Capital Partners.

In the Midwest, where its new facility will be located, LifeStance operates as PsychBC.

The organization, which entered the Dayton market in 2018, has signed a lease agreement in Centerville, a Dayton suburb. LifeStance plans to renovate the 5,000-square-foot space and turn it into a “state-of-the-art” facility, the Dayton Business Journal reported. 

The news came just about a week after the Philadelphia Business Journal reported LifeStance was doubling its footprint in the Philly area.

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