Newswires
South Florida's Delphi in Major Deal With Private Equity

10/12/2017 -ATIN - South Florida's Delphi Behavioral Health Group has completed a major recapitalization with a leading private equity concern, arguably the most important financing and investment deal in Delphi's history. Washington DC-based private equity firm The HalifaxGroup has made a major investment in Delphi, with Delphi CEO Dominick Sirianni insisting  that he and his managment team still retain a "significant"stake in fast growing Delphi. Terms of the private transaction were not disclosed.

Headquartered in Fort Lauderdale, FL, Delphi Behavioral Health Group's treatment centers offer patients diversified addiction treatment programing to begin the process of recovery from addiction.  Each treatment center is equipped with a team of highly trained addiction specialists and follows the company's philosophy on addiction care, which includes a high clinician-to-patient ratio, intimate settings, and comprehensive, tailored treatment solutions, including cognitive and behavioral therapies, aftercare services and relapse prevention.

"Delphi and Halifax have a shared vision to provide outstanding individual, group and family therapy and care to all those we have the opportunity to serve," commented Mr. Sirianni.  "Halifax's history and experience investing in the healthcare sector will be helpful to our mission as we continue growing."

In April, Delphi completed a major transaction, acquiring 45 yr-old Palm Beach Institute residential center, the oldest continuously operating residential center in the key South Florida market, which fills much of the demand for treatment services of the entire East Coast.

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