RICHMOND, Virginia, January 5, 2022– (COMMERCIAL THREAD) –Harris williams, a global investment bank specializing in mergers and acquisitions advisory services, announces it has advised CenterPointe Behavioral Health System, LLC (CenterPointe), a holding company of NaviMed Capital (NaviMed), Health Enterprise Partners (HEP) and Siguler Guff & Company, LP (Siguler Guff), on sale to Acadia Healthcare Company (NASDAQ: ACHC; Acadia). CenterPointe is an integrated inpatient and outpatient behavioral health service provider. The transaction was led by Whit knier, Michael mahoney and Josh Bruner of Harris Williams Health & Life Sciences Group (HCLS).
Bass, Berry & Sims PLC acted as legal counsel to CenterPointe in connection with the transaction.
“The management of CenterPointe, NaviMed, HEP and Siguler Guff have done a tremendous job in making CenterPointe one of the leading providers of behavioral health care in the Midwest with a deep commitment to providing the highest quality care to its patients. Said Whit Knier, Managing Director at Harris Williams. “The company has found an excellent partner in Acadia, and we look forward to following its continued success as part of the larger Acadia platform.
CenterPointe is an established leader in behavioral health and addiction treatment services and maintains a reputation for providing a comprehensive continuum of quality care across a wide range of treatment settings. CenterPointe operates inpatient and outpatient psychiatric and addiction treatment programs in the Midwest, serving a wide range of populations including children, adolescents, adults, the elderly, the military, veterans, and first responders. . Ezra Mehlman of HEP and Bijan Salehizadeh of NaviMed served on the Board of Directors of CenterPointe.
NaviMed is a Washington, DC-based private equity firm with over $ 400 million in assets under management focused exclusively on the healthcare industry. NaviMed is investing in fast-growing, lower-middle-market healthcare companies that NaviMed says are poised to benefit from the reform and technological innovation that is reshaping the healthcare industry. The company focuses on healthcare services, healthcare IT, hospital products and pharmaceutical services. NaviMed targets profitable private companies with up to $ 10 million in EBITDA and double-digit revenue growth. NaviMed’s senior investment team have a history of value creation spanning, in total, dozens of investments and over $ 11 billion in enterprise value created over their combined careers.
HEP provides expansion capital to innovative health services and health information technology companies. At the heart of HEP’s strategy is its unique and extensive hospital system and network of health plans, of which 36 members are investors in HEP funds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access, and lower the cost of healthcare. HEP previously supported Buddy Turner and members of the CenterPointe leadership team as part of the HEP I Behavioral Centers of America holding company, which was also sold to Acadia.
Siguler Guff is one of the world’s leading multi-strategy private market investment firms which together with its affiliates manages over $ 15 billion in assets as of September 30, 2021 and has over 25 years of experience. in investment. Siguler Guff seeks to generate strong, risk-adjusted returns by opportunistically focusing on market niches. Siguler Guff’s primary investment strategies include small business private equity, opportunistic and private credit, distressed real estate, and emerging markets. Siguler Guff’s investment products include direct investment funds, multi-manager funds and custom segregated accounts. Founded in 1991 and based in New York, Siguler Guff has offices in Boston; London; Moscow; Mumbai, India; São Paulo; Shanghai; Seoul, South Korea; Tokyo; Hong Kong; and Houston. It should be noted that Siguler Guff previously supported Buddy Turner and members of the CenterPointe leadership team as part of his holding company Behavioral Centers of America, which was also sold to Acadia.
Acadia is one of the leading providers of behavioral health services in the United States. As of September 30, 2021, Acadia operated a network of 230 behavioral health facilities with approximately 10,200 beds in 40 states and Puerto Rico. With more than 20,000 employees serving approximately 70,000 patients per day, Acadia is the largest independent behavioral health company in the United States. and outpatient clinics.
Harris williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of businesses around the world through critical milestones and provides expert advice throughout the life of their businesses. By collaborating as a single company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valued relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS group has experience in a wide range of industries, including healthcare providers; payers and payor services; outsourced pharmaceutical services; medical device supply chain; health informatics; and pharmacy. For more information on the HCLS Group and other recent transactions, visit HCLS Group section of Harris Williams website.
Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited liability company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (number d ‘registration 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main -le-Main, Germany (email address: [email protected]). Geschäftsführer / Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd. and Harris Williams & Co. Corporate Finance Advisors GmbH carry on business.
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