The Halifax Group said Oct. 10 that it has invested in Delphi Behavioral Health Group LLC through a recap. Financial terms weren’t announced. Delphi, of Fort Lauderdale, Florida, is a substance abuse treatment provider.
WASHINGTON, D.C. – October 10, 2017 – The Halifax Group (“Halifax”) announced today that it has completed a recapitalization of Delphi Behavioral Health Group LLC (“Delphi” or “the Company”), a leading substance abuse treatment provider. The Company operates eight treatment centers in California and Florida. Halifax partnered with Delphi CEO Dominic Sirianni, a licensed clinician, in this investment. Delphi management will retain a meaningful ownership position. Terms of the transaction were not disclosed.
Delphi, headquartered in Fort Lauderdale, FL, provides clinically-proven approaches to treatment across multiple levels of care, including detoxification, residential, partial hospitalization, and intensive outpatient, across its family of facilities. Delphi is run by a dedicated, passionate management team, led by Mr. Sirianni, who has nearly two decades of experience in the addiction field.
“Delphi and Halifax have a shared vision to provide outstanding individual, group, and family therapy and individualized care to all those we have the opportunity to serve,” commented Mr. Sirianni. “Halifax’s history and experience investing in the healthcare sector will be helpful to our mission as we continue growing our network and striving to offer exceptional clinical treatment to those in need. This sponsorship will enable us to build a national leader, expand our outpatient and after care and alumni programs, fortify our internal infrastructure, and upgrade systems to combat what has become a national epidemic.”
“We have evaluated the addiction treatment space extensively in recent years within our health and wellness vertical, crafted an investment thesis and are excited to embark on this journey with Delphi,” said Scott Van Duinen, Partner at Halifax. “We believe that Dominic and his team will continue providing the highest standard of care while expanding the Company’s footprint and offering greater access to services for more individuals struggling with addiction.”
# # #
About Delphi Behavioral Health Group
Delphi Behavioral Health Group was created with the goal of fostering long-term recovery for individuals suffering from substance abuse and chemical dependence. Addiction specialists and trained medical professionals use proven methods to heal individuals in a variety of settings designed to address the core issues behind this chronic disease. All programs are Joint Commission accredited, have high clinician-to-patient ratio and deliver personalized care. The Delphi family of brands includes Palm Beach Institute, which was founded in 1970, making it the first private program in Southern Florida, and Arete Recovery, a new, 39-bed detox and residential facility which opened in 2016. Delphi plans to open Maryland House, which will be the first detox licensed in the state in nearly 20 years, near Baltimore later this year. For more information, please visit www.delphihealthgroup.com
About The Halifax Group
The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $250 million. Halifax invests across a variety of industries, including health and wellness, outsourced business services, franchising and infrastructure. The firm maintains offices in Washington, D.C.; Dallas, TX; and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com.