Behavioral Health Business September 9, 2021
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 was announced Thursday, were not disclosed.
Headquartered in Franklin, Tennessee, Summit provides SUD treatment and psychiatric care at 24 facilities across 16 states. The provider has been steadily growing nationwide with acquisitions and de novos, with its most recent addition having come in July with the opening of Johnstown Heights Behavioral Health in Johnstown, Colorado.
“We anticipate dramatic growth in behavioral health care services, driven...