ATLANTA--(BUSINESS WIRE)--Perimeter Healthcare, a behavioral healthcare company, backed by Ridgemont Equity Partners, today announced the acquisition of Beacon Children’s Hospital (“Beacon”), which expands Perimeter’s geographic presence into Alabama. Beacon is a full-service inpatient psychiatric hospital treating children and adolescents between the ages of 8 and 18.
Beacon owns a psychiatric hospital located in Luverne, Alabama, with 32 licensed beds. Beacon’s team consists of highly skilled psychiatrists, social workers and psychiatric nurses that provide crisis stabilization and ongoing treatment for children and adolescents struggling with mental and behavioral health issues. The clinical team fosters a family-friendly environment and manages multi-disciplinary programs designed to assist children through a successful transition back into school and a productive lifestyle within the community.
“Beacon Children’s Hospital is a unique facility within Alabama and expands Perimeter Healthcare’s critical behavioral health services beyond Arkansas, Tennessee and Missouri,” said Rod Laughlin, CEO of Perimeter Healthcare. “There is tremendous un-met demand for mental and behavioral healthcare services in the state and we are committed to growing the Beacon facility and its service offering to provide great clinical outcomes for children and adolescents in the community. Perimeter Healthcare is committed to building an integrated behavioral healthcare platform, and the acquisition of Beacon Children’s Hospital is an important step in accomplishing our long-term goal of providing the full continuum of care of mental health services across many states.”
Financial terms of the transaction were not disclosed.
About Beacon Children’s Hospital
Beacon Children’s Hospital is located in Luverne, Alabama, and treats the acute mental and behavioral health needs of children between the ages of 8 and 18. The inpatient psychiatric treatment center offers a safe and structured therapeutic environment that emphasizes a multi-disciplinary approach to individual care and treatment, led by a team of highly skilled psychiatrists, social workers, and psychiatric nurses. The programs are family-centric and designed to foster children's ability to successfully return home and to school. www.beaconchildrenshospital.com
About Perimeter Healthcare
Perimeter Healthcare is a holding company that was founded to create a behavioral healthcare business to service a broad range of mental health diseases in both inpatient and outpatient care settings. Perimeter is led by President and CEO Rod Laughlin, who brings 35 years of experience in building and operating successful facility-based healthcare companies. Ridgemont Equity Partners is the financial sponsor of Perimeter. www.perimeterhealthcare.com
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3.5 billion in 138 companies. The firm focuses on investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology. www.ridgemontep.com