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Trinity Hunt Partners makes majority investment in Lakeview Health Systems

Thu, 03/01/2013 - 12:09

Trinity Hunt Partners, a middle market private equity firm, has completed its majority investment in Lakeview Health Systems, a substance abuse treatment company in Jacksonville, Florida.

The terms of the transaction have not been disclosed.

The acquisition of Lakeview represents Trinity Hunt's third investment in the behavioural healthcare space. In 2008, Trinity Hunt acquired Castlewood Treatment Centers, a residential eating disorder treatment company in St Louis, Missouri. Additionally, in 2010, Trinity Hunt acquired a minority stake in Eating Recovery Centers, a Denver, Colorado based eating disorder treatment centre offering inpatient and outpatient treatment options.

"Lakeview is a large, scalable asset that is well positioned for growth within the steadily expanding behavioural health industry," says Hunter Peterson, a partner with Trinity Hunt. "This investment underscores our commitment to the inpatient and residential behavioral health industry, a space that is benefiting from the significant tailwinds created from both mental health parity legislation and increased awareness and funding for drug and alcohol treatment."

Trinity Hunt plans to invest heavily in Lakeview to support its continued growth. It has recruited numerous healthcare executives and industry professionals to supplement Lakeview's management and to provide board-level guidance. As in past investments in the behavioural health arena, Trinity Hunt intends to upgrade and expand the treatment centre facilities and to invest in the clinical infrastructure by partnering with local healthcare professionals and institutions. 

Senior debt was provided by Cadence Bank of Houston, Texas and subordinated debt was provided by C3 Capital of Kansas City, Missouri.

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