Brentwood Capital Advisors LLC recently acted as the exclusive financial advisor to MMO Behavioral Systems (“MMO” or the “Company) and assisted the Company in obtaining debt financing led by JPMorgan Chase & Co. and Business First Bank. Proceeds were used to refinance existing indebtedness and fund the acquisition of West End Hospital, a psychiatric hospital located in Jennings, Louisiana.
MMO Behavioral Systems is a leading provider of inpatient and outpatient behavioral health services based in Baton Rouge, Louisiana. MMO’s Chief Executive Officer, Mr. Robert Miller, remarked, “The completion of this financing will enable MMO to continue its acquisition strategy and better position the Company to become the leading owner and operator of acute care and outpatient psychiatric facilities in Louisiana and throughout the Southeast. Brentwood Capital played a critically important role in positioning MMO with lenders and structuring the competitive process that resulted in an extremely positive outcome for MMO.”
“MMO sought capital at a challenging time for the behavioral sector as Medicare outpatient reimbursement rates changed significantly on January 1, 2011. We were able to address lenders concerns by detailing the pro forma impact of these changes on MMO’s existing business while focusing attention on the Company’s growth prospects, stated L.A. Galyon of Brentwood Capital Advisors LLC. “With the acquisition of West End, MMO is uniquely positioned to provide a complete continuum of care to behavioral patients throughout Louisiana. We look forward to working with MMO as they continue to add facilities throughout the Southeast.”
About MMO Behanvioral Systems
MMO Behavioral Systems, founded in 1993, is a leading provider of inpatient and outpatient behavioral health services in Louisiana and Mississippi. Through its freestanding specialty psychiatric hospitals and outpatient programs, MMO offers a full continuum of behavioral health programs to mentally ill adults and geriatric patients. The CompanyÃ¢â‚¬â„¢s services include crisis stabilization, acute psychiatric services, acute chemical dependency services, partial hospitalization programs, intensive adolescent weekend services, outpatient services and support group services. For more information, please visit www.mmoinc.com.
About Brentwood Capital Advisors LLC
Brentwood Capital Advisors LLC, founded in 1999, is a privately held investment bank headquartered in Nashville, Tennessee, providing mergers & acquisitions and capital-raising advisory services to middle-market companies in the healthcare, information technology, financial services and business services sectors. BCA has served as exclusive financial advisor in over 50 successfully closed transactions in these sectors. For more information, visit www.brentwoodcapital.com.