Perimeter Healthcare Acquires Two Dallas-Fort Worth-Based Behavioral Hospitals
CHARLOTTE, N.C. & ATLANTA--(BUSINESS WIRE)--May 7, 2019--Perimeter Healthcare, a behavioral healthcare company backed by Ridgemont Equity Partners, today announced the acquisition of two 116-bed inpatient psychiatric hospitals located in the Dallas Fort-Worth metroplex. After having formerly operated in the market under a different name, the facilities will re-open in 2019 as Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas and continue to provide quality, personal inpatient care for children, adolescents, adults and seniors facing acute mental and behavioral health challenges.
“Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas will serve as the gold standard for inpatient psychiatric care in the Dallas Fort-Worth community,” said Rod Laughlin, President and CEO of Perimeter Healthcare. “We look forward to working with families and other community stakeholders to deliver exceptional clinical outcomes and transform the lives of those who come through these facilities.”
This transaction marks Perimeter’s third acquisition in the past seven months. In October 2018, the Company acquired Springfield Behavioral Hospital, a 32-bed inpatient psychiatric hospital serving the community in Springfield, Missouri. In February 2019, Perimeter acquired Lake Pines Hospital in Kenner, Louisiana, which will operate as Perimeter Behavioral Hospital of New Orleans. The facility will serve patients of all ages and Perimeter plans to expand the 36-bed hospital to more than double its size.
“The Perimeter team has been successful in delivering exceptional behavioral health services across its existing facilities,” said Scott Poole, Partner at Ridgemont. “The Springfield, New Orleans and Dallas Fort-Worth acquisitions are a testament to this success and provide meaningful opportunity for Perimeter to expand its best-in-class mental health programs.”
About Perimeter Healthcare
Perimeter Healthcare is a behavioral healthcare provider that treats a broad range of mental health diseases in both inpatient and outpatient care settings. The Company operates approximately 700 beds across eleven facilities and six states. Perimeter is led by President and CEO Rod Laughlin, who brings 35 years of experience in building and operating successful facility-based healthcare companies. Ridgemont Equity Partners is the financial sponsor of Perimeter Healthcare. www.perimeterhealthcare.com
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested approximately $4.4 billion. The firm focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications. www.ridgemontep.com
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CONTACT: Kelly Lineberger
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA NORTH CAROLINA TEXAS
INDUSTRY KEYWORD: HEALTH HOSPITALS MENTAL HEALTH PROFESSIONAL SERVICES REIT FINANCE CONSTRUCTION & PROPERTY MANAGED CARE
SOURCE: Ridgemont Equity Partners
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PUB: 05/07/2019 06:00 AM/DISC: 05/07/2019 06:01 AM