Trinity Hunt Partners Announces Majority Investment In Lakeview Health Systems

Acquisition Marks Trinity Hunt's Third Investment in the Residential Behavioral Health Industry

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Jan 02, 2013, 01:10 ET

DALLAS, Jan. 2, 2013 /PRNewswire/ -- Trinity Hunt Partners ("THP"), a leading middle market private equity firm, today announced the completion of its majority investment in Lakeview Health Systems, a substance abuse treatment company in Jacksonville, Florida.

The terms of the transaction were not disclosed.

The acquisition of Lakeview represents Trinity Hunt's third investment in the behavioral 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 center offering inpatient and outpatient treatment options.

"Lakeview is a large, scalable asset that is well positioned for growth within the steadily expanding behavioral health industry," said 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 highly experienced healthcare executives and industry professionals to supplement Lakeview's top management and to provide Board-level guidance. As in past investments in the behavioral health arena, Trinity Hunt intends to upgrade and expand the treatment center 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, TX and subordinated debt was provided by C3 Capital of Kansas City, MO.

To learn more about Lakeview Health Systems, contact Mr. Peterson at 214-777-6607 or [email protected].

About Trinity Hunt
Trinity Hunt is a private equity firm based in Dallas, Texas. The firm has earned a reputation for working closely with entrepreneurs and family-owned businesses to provide strategic, operational, and capital expertise to help take their companies to the next level. The Trinity Hunt team has successfully invested over $1.3 billion of equity capital in more than 50 platform companies spanning a diverse array of industries and economic cycles. Known for its high integrity, respectful partnerships, and straightforward approach, Trinity Hunt's experience and financial resources help its client firms capitalize on available opportunities. For more information, visit www.trinityhunt.com.

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SOURCE Trinity Hunt Partners