January 7, 2019

Psychiatric Medical Care is Recapitalized by Consonance Capital

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Psychiatric Medical Care

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Psychiatric Medical Care (“PMC” or the “Company”) in its recently completed recapitalization by Consonance Capital Partners (“Consonance”).

PMC is the leading behavioral health management company focused on addressing the unique needs of the geriatric population, primarily within underserved rural markets. The recapitalization will enable the company to accelerate its expansion of offerings and provide additional services to its clients and their high-need patient populations and communities. Financial terms of the transaction were not disclosed.

“PMC is a premier behavioral health management company and is well-positioned to meet the growing need for high-quality geriatric behavioral care, especially within rural communities,” noted Stephen McKenna, Managing Partner & Co-Founder of Consonance Capital Partners. “J.R. Greene, CEO of PMC, and his team have created a robust platform by establishing a sustainable model with differentiated, high quality clinical programming at its core. We look forward to working with PMC as it continues to build upon its considerable success to date.”

“I am proud of what our team at PMC has accomplished; since the beginning, PMC’s mission has been to improve the quality of life for older adults living in rural communities” explained J.R. Greene. “We are excited to partner with the Consonance team based on their extensive healthcare experience and their shared vision of improving the lives of PMC’s patients. Together, we will be able to broaden the depth and breadth of our services and to reach more people. BCA, our exclusive investment banking advisor, was instrumental during the entire process, helping us select the best partner for the long-term success of PMC.”

Nancy-Ann DeParle, Partner & Co-Founder of Consonance Capital Partners, commented, “Having been raised in a rural community, I understand firsthand the unmet need for behavioral healthcare services in these areas, especially among the geriatric population. Addressing these gaps in care has been a lifelong goal, and I am thrilled that we at Consonance will be able to assist J.R. and his team in expanding PMC’s footprint and helping more people in these underserved communities.”

“PMC’s growth in recent years and proven ability to serve rural hospitals with its best-in-class clinical model presented a highly attractive partnership opportunity for Consonance,” added L.A. Galyon, Managing Director at Brentwood Capital Advisors. “The behavioral health sector remains a key focus of BCA’s healthcare services practice, and the PMC transaction builds upon BCA’s leadership position in behavioral health investment banking, which now includes 14 transactions in this sector. We were pleased to serve as PMC’s exclusive financial advisor in this important transaction and enjoyed working with J.R. Greene and PMC’s CFO, Bobby Rouse Jr., CPA.”

Consonance Capital Partners was advised by Latham & Watkins LLP and Bass, Berry & Sims PLC. PMC was advised by Brentwood Capital Advisors LLC and Waller Lansden Dortch & Davis, LLP.

About Psychiatric Medical Care

Founded in 2003 and based in Nashville, TN, PMC is the leading behavioral health management company focused on addressing the unique needs of the geriatric population. PMC operates in over 20 states,primarily within rural and underserved communities. The company manages both inpatient psychiatry units and intensive outpatient psychiatry programs. The company’s programs provide evaluation and treatment for older adults suffering from behavioral health issues including depression, anxiety, bipolar disorder, and PTSD. For more information, visit www.psychmc.com.

About Consonance Capital Partners

Consonance Capital Partners invests in private companies in the lower middle market of the U.S. healthcare industry with an emphasis on businesses driving efficiency, cost containment and high quality clinical care to patients. Consonance Capital Partners participates in growth equity, leveraged buyout, and recapitalization transactions. The private equity fund is associated with Consonance Capital Management, a healthcare-focused long/short public equity manager, and together Consonance Capital has approximately $2 billion of assets under management. For more information, visit www.consonancecapital.com.

About Brentwood Capital Advisors

Based in Franklin, Tennessee, Brentwood Capital Advisors LLC 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 97 successfully closed transactions totaling approximately $6.3 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please visit www.brentwoodcapital.com.

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