BelHealth Investment Partners has completed the acquisition of Beach House Center for Recovery, a provider of Substance Use Disorder (SUD) treatment services in Florida.

Deal-at-a-glance
Acquirer:BelHealth Investment Partners (US)
Target:Beach House Center for Recovery (US)
Type of deal:acquisition
Deal value:undisclosed
Stake acquired:100.0%
Closing date:2018-06-28
Advisors:not disclosed

BelHealth Investment Partners, a New York-based healthcare private equity firm, has taken full ownership of Beach House Center for Recovery to expand its reach in the SUD treatment market.

Deal mechanics

The transaction closed on June 28, 2018. Terms were not disclosed, and neither financial nor legal advisors have been named.

Strategic rationale

BelHealth aims to leverage Beach House's existing platform for capacity expansion and organic growth opportunities within the SUD treatment sector. The acquisition is part of a broader strategy to address growing demand for addiction services by commercial payors.

The company intends to enhance its clinical and corporate infrastructure, while also exploring new de novo facilities focused on medication-assisted treatment (MAT) offerings in various geographies.

Financial context

Beach House Center for Recovery offers a range of services from medically managed detoxification through residential inpatient care to outpatient programs. The firm's state-of-the-art campus in Juno Beach serves both men and women aged 18 years or older with SUD diagnoses.

Outlook

With the backing of BelHealth, Beach House expects to benefit from enhanced resources and operational expertise to pursue aggressive growth plans across different care settings and geographies. Glenn Cohen, founder of Beach House and CEO, will continue to lead the company as part of this strategic partnership.