Health care-focused private equity firm Patient Square Capital has closed its inaugural fund with $3.9 billion in capital. The firm boasts that this is the largest fund ever raised by a health care-focused PE firm. KKR vet Jim Momtazee is serving as the firm’s managing partner. Patient Square Capital began investing in June 2021 and […]
Patient Square Capital
Summit Behavioral Healthcare announced Thursday that it acquired seven psychiatric hospitals in six states from Strategic Behavioral Health. The Franklin, Tennessee-based behavioral health and addiction treatment provider will add an additional national 613 inpatient psychiatric beds to its portfolio through the transaction. The newly acquired facilities treat children, adults and elders and operates an unspecified […]
Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year. Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers […]
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 […]
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