Summit Behavioral owns and operates three free-standing addiction treatment centers: Great Oaks Recovery Center, a 32-bed residential treatment center serving the greater Houston market; Valley Recovery Center of California, a 48-bed addictions treatment center based in Sacramento; and Victory Addiction Recovery Center, a 22-bed addictions treatment center based in Lafayette, LA. Summit Behavioral was founded by Trey Carter, Karen Prince and Chuck Edwards in June 2013 and is headquartered in Atlanta (www.summitbhc.com).
“CEO Trey Carter and the team at Summit have demonstrated a proven track record of delivering outstanding results for their clients, employees and partners. We believe behavioral health and substance abuse treatment is a large unmet need in today’s healthcare landscape, and we are thrilled to partner with a team of this caliber. We look forward to supporting the Summit team with significant additional capital to allow them to grow the company,” said Perry Ballard, Managing Director at Flexpoint Ford.
Flexpoint Ford invests from $10 million to $100 million in companies operating in the healthcare and financial services sectors. Flexpoint Ford currently has $1 billion in capital under management. The firm is based in Chicago with an additional office in New York (www.flexpointford.com).
“We are excited to partner with Flexpoint,” said Trey Carter, Summit’s CEO and founder. “Most importantly, Flexpoint shares our mission of providing the highest-quality care for clients. We look forward to working closely with the Flexpoint team, and we are eager to invest additional capital to accelerate the growth of our company.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-12-15