Seacoast Capital has completed an investment in Walden Behavioral Care, a provider of behavioral health services for individuals with eating disorders.
Walden Behavioral Care is a behavioral health organization with multiple levels of care and includes a psychiatric hospital that treats eating disorders and psychiatric disorders. It is the only facility in New England that provides inpatient, residential, partial hospitalization and intensive outpatient care for patients with eating disorders. It is also the only facility in New England that provides dedicated inpatient care for mood disorders. Walden has satellite locations in Braintree, Worcester and Northampton, MA and South Windsor, CT. The company was founded in 2003 by Dr. Stuart Koman and is headquartered in Waltham, MA (www.waldenbehavioralcare.com).
“Dr. Koman and his team have built an extraordinary company dedicated to assisting both individuals and their families struggling with eating disorders and related mental health issues,” said Tom Gorman, Partner at Seacoast Capital. “We were attracted to the combination of Walden’s core mission and the effectiveness of their programs. We are excited to partner with Walden and provide the necessary support to enable management to execute on its growth strategy.”
Seacoast Capital provides between $3 million and $12 million of debt and equity capital for acquisitions, growth, shareholder buyouts, management buyouts, and leveraged recapitalizations. While industry agnostic, Seacoast has a particular interest in the specialty manufacturing, value-added distribution, and business services sectors. Seacoast targets investments in companies with $10 million to $150 million in revenue and $2 million or more of EBITDA. Seacoast is currently investing its third fund, Seacoast Capital Partners III, with $150 million of capital commitments. The firm was founded in 1994 and has offices in Boston and San Francisco (www.seacoastcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-18-14
