M&A Deal Summary

Discovery Behavioral Health Acquires Prosperity Wellness Center Residential Services

On December 28, 2020, Discovery Behavioral Health acquired healthcare services company Prosperity Wellness Center Residential Services

Acquisition Highlights
  • This is Discovery Behavioral Health’s 9th transaction in the Healthcare Services sector.
  • This is Discovery Behavioral Health’s 9th transaction in the United States.
  • This is Discovery Behavioral Health’s 2nd transaction in Washington.

M&A Deal Summary
Date 2020-12-28
Target Prosperity Wellness Center Residential Services
Sector Healthcare Services
Buyer(s) Discovery Behavioral Health
Deal Type Add-on Acquisition

Target

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).

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Buyer(S) 1

Buyer

Discovery Behavioral Health

Irvine, California, United States
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 9 of 14
Sector (Healthcare Services) 9 of 14
Type (Add-on Acquisition) 7 of 11
State (Washington) 2 of 3
Country (United States) 9 of 14
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 New Hope Ranch

Manor, Texas, United States

New Hope Ranch LLC is a residential treatment center focusing on prevention, assessment, treatment, and reintegration for people suffering from substance use disorder. New Hope Ranch was established in 2018 and is based in Manor, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 PaRC

Houston, Texas, United States

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.

Buy -
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