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Coker Capital Advisors Advises Sunspire Health in its Recapitalization by Kohlberg & Company

Charlotte, NC/Atlanta, GA/New York, NY – Coker Capital Advisors announced today that Sunspire Health, LLC (“Sunspire Health”) has been recapitalized by the private equity firm Kohlberg & Company, LLC (“Kohlberg”).  Sunspire Health is an industry leader in the field of behavioral health treatment with programs for patients suffering with substance abuse disorders, co-occurring mental health disorders, eating disorders, problem gambling, and sex addiction. Coker Capital Advisors acted as the exclusive financial advisor to Sunspire Health in this transaction. Terms of the transaction were not disclosed.

This transaction represented Coker Capital’s second transaction in the behavioral health industry in the past twelve months. “We are pleased with the outcome of this transaction and Coker Capital’s ability to guide us through this complex process.” said A.J. Schreiber, CEO and Co-founder of Sunspire Health. “Coker Capital’s expertise in the behavioral healthcare marketplace, knowledge of the buyers, and personalized approach guided us to an excellent partner for the next phase of the Company’s growth and development.”

About Sunspire Health

Sunspire Health is a leading provider of inpatient and outpatient behavioral health treatment services to individuals struggling with substance abuse, eating disorders, process addictions, and other co-occurring disorders. The Company utilizes abstinence, evidence, and experiential-based treatment methods.  Sunspire Health is headquartered in Lyndhurst, NJ, and currently operates six treatment facilities with locations in California, Florida, Massachusetts, and Oregon. It has three new facilities in Hilton Head Island, SC, Gilman, IL, and Key Largo, FL scheduled to open in 2015. 

About Kohlberg & Company

Kohlberg & Company is a leading private equity firm specializing in middle market investing. Since its inception in 1987, Kohlberg has organized seven private equity funds, through which it has raised over $5 billion of committed equity capital. Over its 27-year history, Kohlberg has completed 65 platform investments and 139 add-on acquisitions, with an aggregate transaction value of approximately $10 billion.

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com.