Monte Nido & Affiliates, a national eating disorder treatment provider, is under new ownership, according to a new report by Axios Pro. Denver-based health care-focused private equity firm Revelstoke Capital Partners reportedly won the bid for Monte Nido & Affiliates. The Beverly Hills, California-based Levine Leichtman Capital Partners presently owns Monte Nido. Levine Leichtman first […]
Levine Leichtman Capital Partners
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 […]
Los Angeles-based Levine Leichtman Capital Partners LLC apparently wants to unload Miami-based eating disorder treatment provider Monte Nido & Affiliates Holdings LLC. PEHub.com reported Monday that Levine Leichtman could seek a sale price of up to $1 billion. That’s based on unnamed sources disclosing to PEHub.com that the private equity firm is seeking a 20x […]
Eating disorder treatment provider Monte Nido & Affiliates has completed its acquisition of Walden Behavioral Care, more than a month after purchase was originally announced. The completion of the deal was announced Friday, with terms of the transaction not made available. Founded in 2003, Waltham, Massachusetts-based Walden operates 12 programs across Massachusetts, Connecticut and Georgia […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]
Pinnacle adds new facility Pinnacle Treatment Centers has opened its newest facility in Virginia, located in the northern part of the state in Culpeper. Culpeper Treatment Services provides outpatient medication-assisted treatment (MAT) services with medications such as methadone and buprenorphine, in addition to counseling. The new facility — which accepts Medicaid — is Pinnacle’s 11th […]
Despite the fact that eating disorders are one of the most deadly behavioral health conditions, treatment providers in the space rarely get the policy and payer support they need. Just ask Joel Jahraus. By day, he is the chief medical officer at Monte Nido & Affiliates, a Miami-based eating disorder treatment provider that offers inpatient […]
Discovery Behavioral Health opens Maryland behavioral health center Discovery Behavioral Health has opened a new facility in Crownsville, Maryland devoted exclusively to mental health treatment. Los Alamitos, California-based Discovery operates more than 100 centers nationwide for mental health, substance abuse and eating disorder treatment services. Its newest facility in suburban Baltimore features two residences for […]
Despite the pandemic, 2020 was a busy year on the growth front for Monte Nido & Affiliates. Last year alone, the private equity-backed eating disorder treatment provider added five new residential treatment sites and acquired an inpatient facility, while also entering multiple new states. Headquartered in Miami, Florida, Monte Nido & Affiliates has more than […]