The Riverside Company has acquired La Ventana Treatment Programs, a California-based provider of eating disorder programs, as an add-on for its Castlewood platform. No financial terms were disclosed.
The Riverside Company has added the eating disorder assets of La Ventana Treatment Programs to its Castlewood platform.
This acquisition includes five eating disorder programs located in California, including two residential treatment centers in Thousand Oaks, one outpatient facility in Westlake Village and one residential and one outpatient program in Santa Barbara. La Ventana will continue to operate the mental health and substance abuse treatment centers and programs it has provided for the past 11 years.
“This addition establishes Castlewood as one of the largest providers of eating disorder treatment in California,” said Riverside Managing Partner Loren Schlachet. “We are pleased to expand Castlewood’s programs so its leading clinical team can serve more patients struggling with eating disorders.”
The scourge of eating disorders continues to grow, making increased access to treatment centers vital. The market for eating disorder treatment continues to grow, and access to trusted treatment programs is a critical issue for patients and referral sources.
“Over the past six months, Castlewood has added a number of outstanding clinicians to the organization,” said Riverside Partner Joe Lee. “We are pleased to expand Castlewood’s capacity to deliver its excellent clinical programming to more patients.”
Riverside continues to help Castlewood grow through increasing awareness of its offerings, investment to increase capacity and add-on acquisitions.
Working with Schlachet and Lee on the deal for Riverside were Principal John McKernan Senior Associate David Bao, Operating Partner Frank Coliano and Finance Director Mark Pigott. Origination Principal Jim Butterfield sourced the deal for Riverside.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 530 transactions. The firm’s international portfolio includes more than