Webster recaps Center for Discovery, combines with LA addiction-treatment company Cliffside Malibu

Webster Capital, Center For Discovery, Cliffside Malibu, Discovery Behavioral Health, addiction treatment, healthcare, private equity, merger, M&A
Photo courtesy of JANIFEST/iStock/Getty Images
  • Merged company will be Discovery Behavioral Health
  • Webster invested in Center For Discovery in 2011
  • Cliffside's Peloquin, former CRC Health/Acadia exec, will head new company
Webster Capital is scaling up and diversifying Center For Discovery, recapitalizing the behavioral health company as it concurrently merges with Southern California drug and alcohol addiction-treatment provider Cliffside Malibu. Terms of the transactions weren’t disclosed. The combined company, to be ...

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