Investment Summary

VSS Capital Partners, Cimarron Healthcare Capital and Monroe Capital Invest In Ascent Behavioral Health

On February 19, 2020, private equity firm VSS Capital Partners, private equity firm Cimarron Healthcare Capital and lender Monroe Capital invested in healthcare services company Ascent Behavioral Health

Investment Highlights
  • This is VSS Capital Partners’ 3rd, Cimarron Healthcare Capital’s 2nd and Monroe Capital’s 6th transaction in the Healthcare Services sector.
  • This is VSS Capital Partners’ 66th, Cimarron Healthcare Capital’s 4th and Monroe Capital’s 82nd transaction in the United States.
  • This is VSS Capital Partners’ 3rd, Cimarron Healthcare Capital’s 1st and Monroe Capital’s 1st transaction in Utah.

Investment Summary

Date 2020-02-19
Target Ascent Behavioral Health
Sector Healthcare Services
Investor(s) VSS Capital Partners
Cimarron Healthcare Capital
Monroe Capital
Deal Type Growth Capital

Target

Ascent Behavioral Health

Salt Lake City, Utah, United States
Ascent Behavioral Health operates residential programs in Utah that deliver behavioral health treatment to adolescents across a continuum of care, including wilderness therapy, residential treatment centers, and a therapeutic boarding school. Ascent provides wilderness therapy, residential treatment, and therapeutic boarding school programs for adolescents with mental health issues such as depression, anxiety, and attachment disorder throughout the state. Ascent Behavioral Health was founded in 1989 and is based in Salt Lake City, Utah.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 3

Investor

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 85 of 96
Sector (Healthcare Services) 3 of 6
Type (Growth Capital) 14 of 24
State (Utah) 3 of 3
Country (United States) 66 of 76
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Pacesetter Health

St. Louis, Missouri, United States

Pacesetter Health is a practice management group focused on partnering with best-in-class lower extremity care clinics throughout the United States. Pacesetter looks for doctors who are the staples of their community; for doctors with leading practices who want to grow and further improve the businesses they have built – but need a helping hand to achieve these goals. Pacesetter Health was founded in 2020 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 BRC Healthcare

Manor, Texas, United States

BRC Healthcare provides individualized, gender-specific treatments to adults (aged 17+) with substance use disorders such as alcoholism, drug dependence, and other addiction disorders. The Company offers the full continuum of care from detox and intensive outpatient services to residential treatment to sober living, through its four high- quality clinical programs BRC Recovery, Spearhead Lodge, Makana Path and Segue Recovery. BRC Healthcare was founded in 2006 and is based in Austin, Texas.

Buy -
DESCRIPTION

Cimarron Healthcare Capital is a private equity firm focused on opportunities in the healthcare sector. The Firm pursues lower middle-market companies with $10 to $100 million of revenue where it can commit $10 to $30 million of equity. Prospective transaction situations include leveraged buyouts, majority & minority recapitalizations, growth equity, management-led buyouts, industry consolidations, and corporate carve-outs. Cimarron Healthcare Capital was formed in 2014 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 4 of 7
Sector (Healthcare Services) 2 of 5
Type (Growth Capital) 1 of 2
State (Utah) 1 of 1
Country (United States) 4 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Linen King

Tulsa, Oklahoma, United States

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 CareAccess

Cerritos, California, United States

CareAccess MSO is a Management Services Organization ("MSO") that partners with primary care physician groups in support of establishing and managing value-based risk contracts with Medicare Advantage ("MA") plans. CareAccess MSO is based in Cerritos, California.

Buy -
Investor

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 82 of 115
Sector (Healthcare Services) 6 of 7
Type (Growth Capital) 33 of 36
State (Utah) 1 of 2
Country (United States) 82 of 114
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Landpoint

Fort Worth, Texas, United States

Landpoint is a registered land surveyors and engineers providing nation-wide coverage for projects of all sizes. Landpoint’s core service offering includes land surveying, aerial data collection, 3D laser scanning, and geographic information systems. The Company serves a range of market sectors including energy, industrial, commercial, and utility, with notable strengths in serving large-scale, linear utility projects, including midstream oil & gas, electric transmission and distribution, water conveyance, and fiber optic networks. Landpoint was founded in 1985 and is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Sandbox Group

Chicago, Illinois, United States

Sandbox Group LLC is an independent, full-service, strategic and digital agency, to create more transformational solutions and a better agency experience for marketing and technology clients. Sandbox Group is based in Chicago, Illinois.

Sell -