Newswires
Meridian Behavioral Acquires Muli-Site Minnesota Provider
Addiction Treatment Industry Newswire

10/27/2017 - ATIN - Meridian Behavioral, a private equity backed Minnesota based center whose rapid growth in recent years has been due to an aggresive mergers and acquistions strategy, has acquired another Minnesota based center, New Beginnings.

New Beginnings has seven inpatient and outpatient facillities, all in Minnesota. Terms of the deal, such as price, were not disclosed. The seven facilities will be added to the 30 in total that Meridian already has, also all in Minnesota. The New Beginnings deal is the third transaction so far this year for Meridian.

In 2015, a majority stake in Meridian was bought by private equity firm Audax Partners from Los Angeles-based Triton Pacific Capital Partners.

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