Private equity firm Vestar Capital Partners has made a majority equity investment in Veritas Collaborative (Veritas), a premiere specialty hospital system for the treatment of eating disorders, headquartered in Durham, North Carolina.
Terms of the transaction have not been disclosed.
“There is a large, unmet demand for the services and treatments offered by Veritas,” says Andrew J Cavanna (pictured), Managing Director and Co-Head of Vestar’s Healthcare Group. “We are looking forward to working with Veritas to expand its operations and bring its highly successful approach to more patients and more geographies. We are excited to be backing the seasoned and knowledgeable management team at Veritas, which is led by Founders Stacie McEntyre, Chase Bannister, and Jeff Clark.”
Cavanna says that the majority of Vestar’s initial investment in Veritas will be directed toward growth opportunities.
“With Vestar as our partner, we have the opportunity to drive a new standard of care in the eating disorders field, and become one of the leading eating disorders hospital systems in the world,” says Founder and Executive Board Chairman Jeff Clark.
"The Vestar team understands that our culture of excellence is driven by a culture of collaboration,” says Stacie McEntyre, Veritas Collaborative’s Founder, President, and Chief Executive Officer. “They support our vision of a world in which all persons with eating disorders have access to best practice care and hold hope for a cure."
