FFL Partners, Two Sigma Impact Acquire Majority Stake in OUD Treatment Provider Community Medical Services

Middle market-focused private equity firm FFL Partners and Two Sigma Impact announced Tuesday that they have acquired majority ownership in addiction treatment provider Community Medical Services (CMS). San Francisco-based FFL and Two Sigma Impact – which is a division of New York-based hedge fund Two Sigma – are purchasing the stake from Clearview Capital, which […]

Pipeline: Spero Health Opens Clinics in Two States; New Eating Disorder Treatment Offerings from Monte Nido, Alsana

Spero Health expands footprint with three new clinics Substance use disorder (SUD) treatment provider Spero Health has opened the doors to three new facilities in the South. Two of those clinics are located in central Kentucky in the towns of Clarkson and Lebanon, both of which accept Kentucky Medicaid and a number of commercial insurance […]

Increased Funding, ABA Support Driving Growth for Autism Learning Partners

Starting with advocacy efforts in the 1960s with the help of stakeholders like the Autism Society of America, collective awareness about autism spectrum disorder (ASD) has helped give rise to a care industry currently estimated to be worth $2 billion. Various providers have emerged specializing in applied behavior analysis (ABA), which involves therapy for areas […]

Patient Square Capital to Purchase Summit BHC for Over $1 Billion

Approximately a month after news surfaced that Summit BHC was up for sale, a deal to buy the substance use disorder (SUD) treatment provider has been reached. Patient Square Capital, a Menlo Park, California-based health care investment firm, has agreed to buy Summit from FFL Partners and Lee Equity Partners. Terms of the deal, which […]

Pipeline: Hazelden Brings Telehealth Offering to Four New States; Autism Providers Expand

Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]

Lee Equity, FFL Partners Reportedly Exploring Sale of Summit BHC

The behavioral health and substance use disorder (SUD) treatment provider Summit BHC is reportedly up for auction. The private equity firms Lee Equity Partners and FFL Partners — which own controlling stakes in the Franklin, Tennessee-based company — are currently searching for a buyer, sources told PE Hub in a story published Thursday. Global investment […]

Transactions: Bain-Backed Broadstep Acquires Youth Treatment Provider; Summit BHC Expands in Virginia

Broadstep purchases youth-focused behavioral operator Raleigh, North Carolina-based Broadstep Behavioral Health — a provider of community and residential services to individuals with intellectual and developmental disabilities (IDD), as well as behavioral health conditions — has announced its acquisition of the South Carolina-based residential treatment provider Excalibur Youth Services. Terms of the deal were not disclosed. […]