M&A Deal Summary

Pyramid Healthcare Acquires Onward Behavioral Health

On May 12, 2014, Pyramid Healthcare acquired healthcare services company Onward Behavioral Health from Harbert Private Capital

Acquisition Highlights
  • This is Pyramid Healthcare’s 3rd transaction in the Healthcare Services sector.
  • This is Pyramid Healthcare’s 3rd transaction in the United States.
  • This is Pyramid Healthcare’s 1st transaction in Alabama.

M&A Deal Summary

Date 2014-05-12
Target Onward Behavioral Health
Sector Healthcare Services
Buyer(s) Pyramid Healthcare
Sellers(s) Harbert Private Capital
Deal Type Add-on Acquisition

Target

Onward Behavioral Health

Columbiana, Alabama, United States
Behavioral health company operating an 18 bed residential treatment facility program for eating disorders and 31 outpatient behavioral health sites that treat patients with a variety of substance abuse and psychological issues.

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Buyer(S) 1

Buyer

Pyramid Healthcare

Duncansville, Pennsylvania, United States

Category Company
Sector Healthcare Services
Employees574
DESCRIPTION

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.


DEAL STATS #
Overall 3 of 9
Sector (Healthcare Services) 3 of 9
Type (Add-on Acquisition) 3 of 9
State (Alabama) 1 of 1
Country (United States) 3 of 9
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 High Focus Centers

Summit, New Jersey, United States

High Focus Centers is a provider of structured outpatient behavioral health and addiction treatment programs in New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 TODAY

Langhorne, Pennsylvania, United States

TODAY, Inc. is a residential drug and alcohol treatment center and outpatient substance abuse treatment center.

Buy -

Seller(S) 1

SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 22 of 43
Sector (Healthcare Services) 8 of 10
Type (Add-on Acquisition) 15 of 26
State (Alabama) 1 of 1
Country (United States) 21 of 42
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Northern Star Generation

Houston, Texas, United States

Northern Star Generation is a power generation company. Northern Star Generation was founded in 2004 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Dermatology Associates of Tyler

Tyler, Texas, United States

Dermatology Associates of Tyler is a provider of dermatological services in the Eastern Texas region.

Sell -