M&A Deal Summary

Discovery Behavioral Health Acquires PaRC

On August 18, 2021, Discovery Behavioral Health acquired healthcare services company PaRC from Memorial Hermann

Acquisition Highlights
  • This is Discovery Behavioral Health’s 10th transaction in the Healthcare Services sector.
  • This is Discovery Behavioral Health’s 10th transaction in the United States.
  • This is Discovery Behavioral Health’s 2nd transaction in Texas.

M&A Deal Summary
Date 2021-08-18
Target PaRC
Sector Healthcare Services
Buyer(s) Discovery Behavioral Health
Sellers(s) Memorial Hermann
Deal Type Divestiture

Target

PaRC

Houston, Texas, United States
website
PaRC is a drug and alcohol rehab center for adults and teens, that offers both inpatient and outpatient programs. PaRC is based in Houston Texas.

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Buyer(S) 1

Buyer

Discovery Behavioral Health

Irvine, California, United States

website

Category Company
Founded 1993
Sector Healthcare Services
DESCRIPTION

Discovery Behavioral Health is a diversified behavioral health player providing the full array of treatment modalities for individuals suffering from eating disorders, mental health and substance abuse. DBH will have a national footprint of 42 residential treatment centers and 23 outpatient centers across 11 states. Discovery Behavioral Health was founded in 1993 and is based in Los Alamitos, California.

DEAL STATS #
Overall 10 of 14
Sector (Healthcare Services) 10 of 14
Type (Divestiture) 1 of 1
State (Texas) 2 of 2
Country (United States) 10 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Prosperity Wellness Center Residential Services

Tacoma, Washington, United States

Prosperity Wellness Center Residential Services is a 40-bed adult residential facility, specializing in the treatment of substance use disorders. Prosperity has served Tacoma and surrounding areas for more than 20 years, helping more than 10,000 patients in recovery. Prosperity is accessible to those who are unable to pay for care through insurance or self-funding and accepts Federal Health Care Plan (which includes SSI, TANF, and Apple Health Care (Alternative Benefit Plan).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Awakenings KC

Prairie Village, Kansas, United States

Awakenings KC offers adult outpatient mental health programs for a wide range of disorders, including anxiety, depression, panic disorder, bipolar disorder, post-traumatic stress disorder (PTSD), obsessive-compulsive disorder (OCD), thought disorders, co-occurring disorders, attention deficit hyperactivity disorder (ADHD)and eating disorders. Awakenings is based in Prairie Village, Kansas.

Buy -

Seller(S) 1

SELLER

Memorial Hermann

Houston, Texas, United States

website

Category Company
Sector Healthcare Services
Employees29,000
DESCRIPTION

Memorial Hermann provides health care for the individuals and many diverse populations we serve. Our 6,500 affiliated physicians practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome-oriented experience across our more than 270 care delivery sites. Memorial Hermann is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 KabaFusion

Cerritos, California, United States

KabaFusion specializes in IVIG (intravenous immunoglobulin) and home-infusion iv therapy with seven pharmacist-owned, patient-focused specialty pharmacies serving over 40 states across the country. KabaFusion was formed in 2010 and is based in Cerritos, California.

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