Pinnacle Treatment Centers Acquires Family Counseling Center for Recovery
Mt. Laurel, NJ (August 28, 2018) – Pinnacle Treatment Centers (“Pinnacle”), a leading provider of inpatient and outpatient treatment for those suffering from substance abuse disorder, announced today the acquisition of Family Counseling Center for Recovery (“FCCR”), a Virginia-based provider of family-oriented substance abuse treatment programs that provide medication-assisted treatment and intensive outpatient services. Led by an experienced clinical staff, FCCR has been providing treatment in the Richmond area for over 15 years.
“We are pleased to welcome the Family Counseling Center for Recovery into the Pinnacle family of treatment centers,” said Joseph Pritchard, CEO of Pinnacle Treatment Centers. Led by Dr. Marty Buxton and Chuck Adcock LCSW, FCCR has created a comprehensive and highly effective clinical program. We look forward to supporting the FCCR team as it continues to serve patients and their families.”
“We believe Pinnacle is the ideal partner to continue our family-oriented and clinically-driven approach to treating patients that suffer from substance abuse,” added, Dr. Buxton who will remain active with FCCR and become Pinnacle’s Medical Director in the state.
Kirkland & Ellis LLP and Polsinelli PC served as legal advisors to Pinnacle. Golub Capital provided financing for the transaction. Pinnacle Treatment Centers is a portfolio company of Linden Capital Partners.
About Pinnacle Treatment Centers
Pinnacle Treatment Centers is a leading comprehensive provider of substance abuse treatment services to individuals that are addicted to drugs and / or alcohol. Founded in 2006, the Company has grown into an organization that operates over 40 substance abuse treatment facilities across 6 states. Pinnacle treats over 11,000 people daily and provides a full continuum of care, including detoxification, residential, outpatient, and transitional living programs. Treatment includes treating the individual’s physical, spiritual, emotional, and psychological selves. Pinnacle is CARF accredited and all locations include physicians, nurses, clinicians, administrative, and support staff. For more information please visit www.PinnacleTreatment.com.
About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on leveraged buyouts in the healthcare industry. Linden’s strategy is based upon three elements: i) healthcare specialization, ii) integrated private equity and operating expertise, and iii) strategic relationships with large corporations. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare.