Expands Geographic Footprint and Access to Quality Mental and
Behavioral Healthcare Services
CHARLOTTE, N.C. & ATLANTA–(BUSINESS WIRE)–Perimeter
Healthcare, a behavioral healthcare company backed by Ridgemont
Equity Partners, today announced the acquisition of two 116-bed
inpatient psychiatric hospitals located in the Dallas Fort-Worth
metroplex. After having formerly operated in the market under a
different name, the facilities will re-open in 2019 as Perimeter
Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of
Dallas and continue to provide quality, personal inpatient care for
children, adolescents, adults and seniors facing acute mental and
behavioral health challenges.
“Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral
Hospital of Dallas will serve as the gold standard for inpatient
psychiatric care in the Dallas Fort-Worth community,” said Rod Laughlin,
President and CEO of Perimeter Healthcare. “We look forward to working
with families and other community stakeholders to deliver exceptional
clinical outcomes and transform the lives of those who come through
these facilities.”
This transaction marks Perimeter’s third acquisition in the past seven
months. In October 2018, the Company acquired Springfield Behavioral
Hospital, a 32-bed inpatient psychiatric hospital serving the community
in Springfield, Missouri. In February 2019, Perimeter acquired Lake
Pines Hospital in Kenner, Louisiana, which will operate as Perimeter
Behavioral Hospital of New Orleans. The facility will serve patients of
all ages and Perimeter plans to expand the 36-bed hospital to more than
double its size.
“The Perimeter team has been successful in delivering exceptional
behavioral health services across its existing facilities,” said Scott
Poole, Partner at Ridgemont. “The Springfield, New Orleans and Dallas
Fort-Worth acquisitions are a testament to this success and provide
meaningful opportunity for Perimeter to expand its best-in-class mental
health programs.”
About Perimeter Healthcare
Perimeter Healthcare is a behavioral healthcare provider that treats a
broad range of mental health diseases in both inpatient and outpatient
care settings. The Company operates approximately 700 beds across eleven
facilities and six states. 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 Healthcare. 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 approximately $4.4 billion. The firm focuses on equity
investments up to $250 million in industries in which it has deep
expertise, including business and industrial services, energy,
healthcare, and technology and telecommunications. www.ridgemontep.com
Contacts
Kelly Lineberger
[email protected]
704-944-0914
