M&A Deal Summary

BayMark Health Services Acquires PIDARC

On March 15, 2021, BayMark Health Services acquired healthcare services company PIDARC

Acquisition Highlights
  • This is BayMark Health Services’ 21st transaction in the Healthcare Services sector.
  • This is BayMark Health Services’ 20th transaction in the United States.
  • This is BayMark Health Services’ 1st transaction in District of Columbia.

M&A Deal Summary
Date 2021-03-15
Target PIDARC
Sector Healthcare Services
Buyer(s) BayMark Health Services
Deal Type Add-on Acquisition

Target

PIDARC

Washington, District of Columbia, United States
PIDARC provides pharmacological intervention through methadone maintenance along with a variety of other therapeutic modalities. These are all designed to support patients in their recovery and provide them with the life skills they need to function in a drug-free environment. PIDARC was founded in 1971 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

BayMark Health Services

Lewisville, Texas, United States
Category Company
Founded 2015
Sector Healthcare Services
DESCRIPTION

BayMark Health Services is a provider of individualized treatment options integrating pharmacotherapy, clinical counseling, recovery support, and medical services at 45 locations in 9 states, treating over 23,000 patients daily in their recovery from opiate addiction. Its addiction treatment programs deliver medically-supervised services for adults in a variety of modalities and settings. BayMark Health Services was founded in 2015 and is based in Lewisville, Texas.

DEAL STATS #
Overall 21 of 33
Sector (Healthcare Services) 21 of 33
Type (Add-on Acquisition) 18 of 30
State (District of Columbia) 1 of 1
Country (United States) 20 of 32
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Echo Treatment Center

Washington, Pennsylvania, United States

Echo Treatment Center an opioid treatment provider. Echo Treatment provides outpatient medication-assisted treatment (MAT) utilizing methadone and substance abuse counseling and education. The facility will fall under BayMark’s MedMark Treatment Centers brand. Echo Treatment Center was founded in 2016 and is based in Washington, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Hope for Tomorrow

Point Pleasant, West Virginia, United States

Hope for Tomorrow offers treatment in its Point Pleasant residential facility for a variety of addictions including not only opioids but also alcohol, cocaine, methamphetamine, prescription drugs, and other substances. Hope for Tomorrow is based in Point Pleasant, West Virginia.

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