CCMP Capital Advisors (CCMP) is to acquire a controlling interest in Eating Recovery Center (ECR), a provider of specialised treatment for individuals with eating disorders, from Lee Equity Partners and other investors.
ERC’s Founding Partner and Chief Executive Officer, Dr Ken Weiner, the management team and the clinical team will remain in place and are committed to expanding the business. Terms of the transaction have not been disclosed.
Eating Recovery Center was founded by a team of leading experts whose goal was to fuse evidence-based findings and innovation to create a centre of excellence for the treatment of eating disorders. Eating Recovery Center is the only fully vertically integrated national healthcare system exclusively dedicated to the treatment of serious eating disorders and related conditions at all levels of severity and stages of the illness. ERC treats patients of all genders and ages, including adults, adolescents and children, using multidisciplinary treatment teams who understand the complexity of eating disorders and are committed to achieving lasting recovery.
“We are excited to partner with Dr. Weiner, a nationally recognised expert in the treatment of eating disorders, and his talented management team, to acquire Eating Recovery Center, which has become a market leader through its compassionate, expert-based care focused on strong clinical outcomes,” says Greg Brenneman, CCMP Executive Chairman and Managing Director.
“Eating Recovery Center is making a real difference in the lives of those suffering from eating disorders,” says Kevin O’Brien, CCMP Managing Director. “We look forward to partnering with management to continue to support this world-class company and team.”
“Eating Recovery Center was designed by an expert team of professionals whose diverse backgrounds span the development, delivery and management of effective eating disorders treatment programs,” says Dr Ken Weiner, Eating Recovery Center Founding Partner and Chief Executive Officer. “With their deep experience and long track record, we are confident CCMP is the ideal partner to support us in achieving our goal of helping even more individuals and their families in their path to lasting recovery.
“The Lee Equity team shared our vision to extend our clinical excellence to serve a large and often overlooked national patient population. Throughout our partnership, Lee Equity provided strategic, financial, marketing and operational support so that we could achieve rapid growth to high need markets, while maintaining the integrity of our medical care.”
“Eating Recovery Center fit within our specialty clinical care investment thesis in behavioural health. We partnered with management due to its strong leadership, impeccable track record of clinical excellence, and leading regional market position which was poised for growth,” says Lee Equity Partner Geoff Lieberthal.
Lee Equity Partner Yoo Jin Kim, adds: “We greatly appreciate the efforts of ERC’s management team who demonstrated exceptional clinical and business acumen throughout our partnership. Together with Dr. Weiner and the management team, we built a high performance, leading national brand with quadruple the facility footprint. It was a privilege to work with them to position the Company for its next stage of growth.”