Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to MMO Behavioral Health Systems (“MMO” or the “Company”) in a sale of two behavioral health facilities to Acadia Healthcare (“Acadia”). Founded in 1993 and headquartered in Baton Rouge, MMO has been a premier provider of behavioral healthcare services throughout Louisiana. MMO will continue to provide inpatient rehabilitation services as well as acute inpatient psychiatric care in addition to outpatient and counseling services.
“MMO has an excellent reputation for quality behavioral health services throughout Louisiana,” said Rob Miller, CEO of MMO. “Our investment banker, Brentwood Capital Advisors, did an excellent job of finding the right buyer for these facilities with Acadia.”
“We were delighted to represent MMO in the sale of these facilities to Acadia,” stated L.A. Galyon of Brentwood Capital Advisors LLC. “This is the second transaction we have closed for Rob and the MMO team. It was great to be able to successfully represent MMO again on this important assignment.”
“MMO is a long-standing provider of quality behavioral health services in its markets, and we are pleased to add their facilities and their strong team to our operations,” commented Joey Jacobs, Chairman and Chief Executive Officer of Acadia. “This transaction strengthens our presence in Louisiana and gives us our first inpatient behavioral health facilities in the Jennings and Covington, LA markets. We believe we are well positioned to produce long-term organic growth in these facilities and in these markets. In addition, this transaction is representative of our ongoing opportunities to drive long-term growth through our acquisition strategy, both domestically and in the United Kingdom.”
About MMO Behavioral Health Systems
Since 1993, MMO Behavioral Health Systems (MMO) has been a premier provider of behavioral healthcare services throughout Louisiana. We offer the largest network of programs and services to meet the varied needs of individuals living with mental illness. Our commitment is to provide assessments, treatment or appropriate referrals to all individuals and/or family members of the mentally ill. Our services are available to adults, geriatrics and children. MMO continues to provide services designed to treat mental illness in a dignified, respectful and compassionate manner. http://www.mmoinc.com
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors (“BCA”) is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in 72 successfully closed transactions totaling approximately $4.4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has fifteen investment banking professionals. For more information, please go to www.brentwoodcapital.com.
About Acadia Healthcare
Acadia is a provider of inpatient behavioral healthcare services. Acadia operates a network of 256 behavioral healthcare facilities with more than 9,700 beds in 39 states, the United Kingdom and Puerto Rico. Acadia provides psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs. http://www.acadiahealthcare.com/