Pyramid Healthcare, a portfolio company of Clearview Capital, has acquired High Focus Centers, a provider of outpatient substance abuse and psychiatric treatment. The closing of the High Focus transaction represents Pyramid’s third add-on acquisition during Clearview’s 15-month ownership period, and marks Pyramid’s expansion into a third state.
High Focus is the largest provider of structured outpatient substance abuse and psychiatric treatment programs serving adults, adolescents and their families in New Jersey. The company holds a Behavioral Health Care Accreditation from The Joint Commission. High Focus was founded in 1989 and is based in Summit, NJ (www.highfocuscenters.com).
“The High Focus transaction achieves several of the strategic objectives established when Clearview acquired Pyramid Healthcare, including further geographic expansion, diversification of the company’s revenue base and a substantially higher margin profile going forward,” said Matthew Blevins, Vice President of Clearview. “While we will certainly maintain an intense focus on integration over the coming months, we will continue to seek complementary add-on acquisitions to augment Pyramid’s steady organic growth, as we believe the behavioral health sector remains a highly attractive market for consolidation opportunities.”
Pyramid Healthcare offers treatment and care to people who are dealing with alcohol and/or other drug addiction, mental health disorders and adolescent behavioral problems. Pyramid is headquartered in Altoona, PA with 33 residential and outpatient treatment facilities throughout Pennsylvania, New Jersey and North Carolina. Facilities include residential drug and alcohol treatment for adults and adolescents, outpatient offices, therapeutic schools, methadone clinics, a group home and a school for autistic children (www.pyramidhealthcarepa.com).
Clearview Capital invests in mid-sized manufacturing and service companies that have cash flow between $4 million and $20 million. Clearview has in excess of $250 million under management and is currently making investments through its committed fund, Clearview Capital Fund II, LP. The firm is located in Old Greenwich, CT (www.ClearviewCap.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-4-12
