News ~ Articles
|
Ascension Health Ventures invests in Haven Behavioral Healthcare
NASHVILLE, TN - June 16, 2008, PRNewswire
Leading specialty behavioral health company to use proceeds to accelerate growth
Haven Behavioral Healthcare, Inc., ("Haven"), a leading provider of specialty behavioral health services, today announced that Ascension Health Ventures ("AHV") has made an equity investment in the Company, joining existing investors Thoma Cressey Bravo, Clayton Associates and Haven management as shareholders. AHV is the general partner of CHV II, L.P., an investment fund formed by Ascension Health, Catholic Health Initiatives, Catholic Health East and Catholic Healthcare West.
"We believe that Haven's mission of delivering high quality specialty inpatient behavioral care is a fit with our mission and goals," said Ryan Schuler, Investment Director at AHV. "We are excited to partner with Haven and its management team to further expand its patient-focused operations."
Haven is focused on providing high quality, specialized therapy to patients in need of intensive treatment. Services include inpatient treatment for adolescents, adults and seniors suffering from psychiatric disorders as well as intensive inpatient and residential programs for females of all ages suffering from eating disorders.
Haven's current footprint includes inpatient facilities in Arizona, Colorado, Oklahoma and Virginia.
"Ascension Health Ventures is an astute healthcare investor, and has a proven track record of being a great partner for rapidly expanding healthcare businesses," said Vernon Westrich, Chief Executive Officer of Haven. "AHV's relationships in the behavioral health and hospital sectors should help accelerate Haven's growth."
About Haven Behavioral Healthcare
Formed in 2006, Haven Behavioral Healthcare is focused on providing high quality, specialty behavioral health services. Haven, headquartered in Nashville, Tennessee, currently operates specialty behavioral health facilities in Arizona, Colorado, Oklahoma and Virginia. Haven is led by Chief Executive Officer Vernon Westrich and Chief Financial Officer Page Barnes. Prior to founding Haven, Westrich and Barnes were the President and Chief Financial Officer of the Behavioral Health Division of Ardent Health Services, respectively.
About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly-owned subsidiary of Ascension Health. AHV's role has been to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry and significantly enhance the quality of patient care. CHV II, LP, a limited partnership between Ascension Health, Catholic Health Initiatives, Catholic Health East and Catholic Healthcare West, has been formed to expand this strategic investment initiative to other Catholic healthcare systems. AHV is the general partner of CHV II, LP.
About Thoma Cressey Bravo
Thoma Cressey Bravo is a leading private equity investment firm with more than 27 years of experience in building successful companies. Recognized nationally for pioneering the "buy and build" strategy, Thoma Cressey Bravo identifies high-potential industry sectors and partners with successful companies to build industry leaders through organic growth, operational improvements and strategic acquisitions. The firm currently manages almost $2 billion in equity capital and specializes in healthcare, software, business services and other consolidating industries including education, distribution and consumer products. Thoma Cressey Bravo has been an active investor in the healthcare industry for more than two decades and has invested in almost every major healthcare segment and niche.
Return to News Headlines
World renowned eating disorder treatment center, Remuda Programs for Eating Disorders, opens new facility in Virginia
PHOENIX - August 21, 2007, PRNewswire
Remuda Programs for Eating Disorders, the nation's leading and largest inpatient treatment center for women and girls suffering from eating disorders, today announced its opening of a new treatment center near Bowling Green, Va. The 48-bed facility, located on 500 secluded acres, offers intensive, inpatient programs for women, adolescents and children with eating disorders. The new center employs 120 professional and support staff.
"We're very excited to bring our state-of-the-art eating disorder treatment program and experts to the east coast," said Ward Keller, president and founder of Remuda Programs for Eating Disorders. "Since we first opened our doors in Arizona in 1990, we've treated more than 7,500 patients with eating disorders. We look forward to continuing to help those in need."
Remuda's scientifically valid outcome studies show that 95 percent of former patients no longer having a diagnosable eating disorder one year after completing its program. These recovery rates are the highest in the nation. The center's program and settings are different from the traditional, institutional format offered at hospitals and clinics. Remuda's Christian-based programs offer a balanced, multi-disciplinary team approach that is designed to treat the whole person and meet her unique medical, nutritional, psychological, and spiritual needs.
"Because our program includes equine, art and challenge course therapy, Caroline County is a perfect environment for our program," adds Keller. "It's very healing, secluded and peaceful."
A formal ribbon-cutting ceremony will be held at 4 p.m. on Tuesday, August 28 at the new site. Remuda will also host a special "open house" for media, health professionals, and members of the community that day from 11 a.m. to 7 p.m.
To schedule an interview with one of Remuda's experts on eating disorders and related issues, or to attend the open house, please contact Mary Anne Morrow at 602-332-9026.
About Remuda Programs for Eating Disorders
Remuda Programs for Eating Disorders offers Christian inpatient and residential treatment for women and girls of all faiths suffering from an eating disorder. Each patient is treated by a multi-disciplinary team including a Psychiatric and a Primary Care Provider, Registered Dietitian, Masters Level therapist, Psychologist and Registered Nurse. The professional staff equips each patient with the right tools to live a healthy, productive life. For more information, call 1-800-445-1900 or visit www.remudaranch.com.
SOURCE Remuda Programs for Eating Disorders
Return to News Headlines
Haven Behavioral Healthcare announces the opening of a Hospital-Within-a Hospital located on the campus of St. Mary-Corwin Medical Center in Pueblo, Colorado
NASHVILLE, TN - April 24, 2007
Haven Behavioral Senior Care is designed to provide short term treatment to patients 65 and older who are suffering from Alzheimer’s and other behavioral disorders.
The Hospital-Within-a-Hospital is currently undergoing renovations and is scheduled to open in June. The hospital will employ 35-40 and will provide psychiatrists, 24-hour nursing care, therapists and other specialty staff to meet the behavioral needs of the elderly.
“Haven Behavioral Senior Care will be the only hospital dedicated to the specific and unique behavioral needs of the elderly” said VERNON WESTRICH, President and CEO of Haven Behavioral Healthcare. “Haven will work closely with other behavioral providers, physicians, therapists, agencies and long term care facilities to improve the quality of life for seniors.”
The need for behavioral care for seniors is growing dramatically with the increase in longevity and the leading edge of the baby boom generation as they age. The 2005 White House Conference on Aging identified mental illness as the leading threat to independence and quality of life for older adults. According to the report, one out of four elderly suffer from symptoms of mental illness. Seniors have the highest suicide rate of any age group.
Haven Behavioral Healthcare, based in Nashville, Tennessee, currently operates behavioral healthcare facilities in Arizona and Oklahoma. For employment opportunities, go to -- havenbehavioral.com/career.htm.
Return to News Headlines
Haven Behavioral Healthcare acquires Remuda Ranch Co.
First acquisition for Thoma Cressey Equity Partners-backed Haven Behavioral Healthcare
NASHVILLE, TN - July 6, 2006
|
Haven Behavioral Healthcare, Inc., a holding and operating company focused on providing high quality, specialty behavioral healthcare services, announces today that it has acquired Remuda Ranch Co., an Arizona-based inpatient and residential center for women suffering from eating disorders and related issues. This is Haven’s first acquisition and operating unit.
“Remuda Ranch has a strong national reputation, excellent clinical outcomes and the potential for expansion into more locations,” said Haven’s chief executive officer, Vernon Westrich. “Remuda Ranch is the leader in this rapidly growing specialty behavioral market.”
“We are excited to have Thoma Cressey and Haven as new partners, and look forward to continuing our focus on offering proven, high quality services to our patients,” says Ward Keller, president and CEO of Remuda Ranch Co. Remuda’s senior management, including Keller, invested alongside Haven in the transaction. Keller will continue his current role of president and CEO of Remuda Ranch Co. and will also assist Haven in its growth strategy.
Haven Behavioral Healthcare was formed and funded in May 2006 by management and Thoma Cressey Equity Partners, a leading private equity firm with more than 25 years of experience in building successful companies and industry leaders through organic growth, operational improvements and strategic acquisitions. Clayton Associates, a private equity firm with more than ten years private equity experience and more than $100 million of committed capital in four funds also invested in Haven and the Remuda transaction.
“Thoma Cressey recognizes a market opportunity in the behavioral healthcare industry and created Haven with an experienced management team to build a leading specialty inpatient behavioral business,” said Peter Ehrich, partner at Thoma Cressey.
Westrich, CEO of Haven, has more than 30 years of experience managing behavioral healthcare companies and was previously president of the Behavioral Health Division of Ardent Health Services. Page Barnes is serving as chief financial officer, building on more than 20 years of financial and management experience, including more than seven years with Ardent.
Located in Wickenburg, Arizona, Remuda Ranch was established in 1990 by Ward Keller to provide faith–based inpatient and residential programs for women and girls of all faiths suffering from eating disorders and related issues. Accredited by the Joint Commission on Accreditation of Healthcare Organizations, Remuda Ranch provides each patient with the right tools to live a healthy, productive life.
Harris Williams & Co., a member of The PNC Financial Services Group, acted as the exclusive advisor to Remuda Ranch.
___________________________________
About Haven Behavioral Healthcare, Inc.
Formed in May 2006 through a partnership with Thoma Cressey Equity Partners and Clayton Associates, Haven Behavioral Healthcare, Inc. is focused on providing high quality, specialty behavioral healthcare services by partnering with or acquiring behavioral healthcare providers. Prior to starting Haven, chief executive officer Vern Westrich was the president of the Behavioral Health Division of Ardent Health Services and also chief operating officer for Charter Behavioral Healthcare. Chief financial officer Page Barnes was the Chief Financial Officer and senior vice president of finance for the Acquisition and Development group of Ardent and was previously responsible for AmSouth Bancorp’s Healthcare Loan Portfolio.
___________________________________
About Thoma Cressey Equity Partners
Thoma Cressey Equity Partners, a leading private equity investment firm with more than 25 years of experience in building successful companies, specializes in the software, healthcare, business services and consumer product industries. Recognized nationally for pioneering the ‘buy and build’ strategy, Thoma Cressey identifies high-potential industry sectors to partner with successful companies and build industry leaders through organic growth, operational improvements and strategic acquisitions. Through a series of eight private equity funds, Thoma Cressey has invested more than $2 billion in equity capital and currently manages more than $2.4 billion.
Return to News Headlines
|
|
