US Community Behavioral, a portfolio company of Bregal Partners, has acquired ReMed Recovery Care Centers. No financial terms were disclosed. Based in Pennsylvania, ReMed is a provider of brain injury rehabilitation services.
October 30, 2013 06:00 AM Eastern Daylight Time
NEW YORK–(EON: Enhanced Online News)–US Community Behavioral, LLC (“USCB”), a leading multi-state provider of community-based residential and behavioral services, announced it has acquired ReMed Recovery Care Centers, LLC, a highly regarded provider of brain injury rehabilitation services based in Pennsylvania. The acquisition was made in partnership with ReMed’s management team and will provide ReMed with support infrastructure and capital to expand its operations. ReMed will become a division of US Community Behavioral.
Martin Favis, the CEO of US Community Behavioral, noted, “ReMed is a leader and best-in-class provider of brain injury rehabilitation services. We are pleased to partner with its highly experienced management team to support its strategic initiatives in growing its business and further enhancing the excellent quality of care its patients receive.”
Joanne Finegan, the President of ReMed, stated, “This transaction represents an exciting next step for ReMed, as part of a leading platform of community-based behavioral health services across the United States. ReMed’s partnership with US Community Behavioral will provide resources and capital to continue to enhance the breadth and depth of our referral and patient relationships. We look forward to the opportunities ahead, especially as ReMed enters its 30th year.”
US Community Behavioral was acquired in August by private investment firm Bregal Partners as a platform in the community-based behavioral health sector.
Terms of the transaction were not disclosed.
About US Community Behavioral
US Behavioral Community Behavioral is a leading multi-state provider of community-based residential and behavioral services to adults and children. The company provides a full continuum of services including supported living, licensed group homes, employment services, as well as autism and other therapy-based behavioral services. The Company is recognized as a best-in-class provider within the large, community-based I/DD services industry.
ReMed is the largest provider of brain injury rehabilitation and supported living services in Pennsylvania. The Company provides rehabilitation and treatment services in group homes to individuals with mild, moderate and severe brain injuries on a short-term, long-term or episodic basis in the greater Philadelphia and Pittsburgh areas. The Company has been providing rehabilitation and supported living services in the area since 1984. For more information on ReMed, visit www.remed.com.
About Bregal Partners
Bregal Partners is a private investment firm that partners with management teams to build industry leading companies in the middle market. Areas of focus include consumer, food and retail, energy services, and healthcare. The firm is part of Bregal Investments, the investing arm for Cofra Holding AG, a family holding company with a history dating back to 1841. With $500 million in committed capital, Bregal is one of several dedicated funds under the Bregal Investments umbrella, which has invested or committed over $9 billion since 2002. For more information on Bregal Partners, visit www.bregalpartners.com.