Trinity Hunt Partners, a private equity firm based in Dallas, has made a majority investment in Lakeview Health Systems, a substance abuse treatment company in Jacksonville, Fla.
Terms of the transaction weren’t disclosed, but Cadence Bank of Houston provided senior debt and C3 Capital of Kansas City, MO provided subordinated debt.
This marks Trinity’s third investment in a behavioral healthcare center, after it acquired Castlewood Treatment Centers, a residential eating disorder treatment company in St. Louis in 2008, and a minority stake in Denver-based Eating Recovery Centers in 2010.
Hunter Peterson, a partner at Trinity, said in a statement that Lakeview is poised for growth.
“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,” he said.
Trinity Hunt has invested more than $1.3 billion of equity capital in more than 50 platform companies. It plans to invest in Lakeview to help continue its growth by upgrading and expanding the company’s treatment center facilities and partnering with local healthcare professionals and institutions.
