Newswires
Summit Behavioral Sells Controlling Stake to Private Equity

10/10/2017 - ATIN - Nashville-based Summit Behavioral has sold a controlling stake to private equity investors, the company said. Flexpoint Ford and certain other investors have sold out to Lee Partners and FFL Partners, two Nashville-based healthcare private equity players the press release said.The amounts involved were not made public.

Headquartered in Franklin, Tenn., Summit BHC was founded by a team of senior executives with decades of behavioral healthcare experience to develop and operate a nationwide network of addiction treatment and behavioral health centers. The Company focuses on the management of specialty chemical dependencies and provides a wide range of services to adults and families with addiction disorders through treatment centers across 10 states.

Trey Carter, Chairman, Chief Executive Officer and Founder of Summit BHC, along with his management and clinical teams, will continue to lead the company, and are committed to expanding Summit BHC's business to meet the company's mission: delivering quality and innovative chemical dependency and addiction disorder services in a caring and supportive environment. "We are pleased to have the support of partners with a long term track record of building market-leading healthcare businesses, who share our vision for clinical excellence in patient care," said Carter. "Flexpoint Ford has been a truly valuable partner and we have thoroughly enjoyed our relationship with them which allowed us to grow the Company from three to thirteen facilities."

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