Coker Capital

 
 
 

Media

Coker Capital Advisors Advises Constellation Behavioral Health in its Recapitalization by New MainStream Capital

Atlanta, GA / Charlotte, NC / New York, NY

Coker Capital Advisors announced today that Constellation Behavioral Health, LLC (“CBH” or the “Company”), a portfolio company of Alpine Investors, has been recapitalized by New MainStream Capital (“NMS”). Headquartered in Mill Valley, California and founded in 2010 CBH is a premier behavioral health platform offering specialized treatment programs for addiction, mental health and co-occurring disorders. The combination of an exceptional management team, world class addiction and psychiatric treatment programs, and an organizational infrastructure built to support an aggressive de novo and acquisition growth strategy all contributed to the successful outcome of the transaction.

CBH is nationally recognized for its state of the art diagnostic testing and assessment capabilities, its world-class clinical and medical teams, and its ability to create life transforming treatment experiences.  Today the Company operates two sets of facilities: Alta Mira and Bridges to Recovery.  Alta Mira is a 30-bed facility located in Sausalito, CA encompassing 30,000 square feet that offers treatment services to meet the needs of adults with addiction and co-occurring psychiatric disorders.  Bridges to Recovery is a 12-bed facility located in Los Angeles, CA that offers treatment services to meet the needs of adults with psychiatric, psychological and co-occurring addiction disorders.

“No one understands the behavioral health marketplace better than Coker Capital.  Their comprehensive knowledge of the buyers was instrumental in identifying the optimal partner who could meet the goals of all shareholders” said Bill Morrison, CBH’s Chief Executive Officer.

Coker Capital Advisors acted as the exclusive financial advisor to CBH in this transaction. Perkins Coie LLP served as legal advisor to the Company.  McDermott Will & Emery provided legal advice to NMS. Terms of the transaction were not disclosed.

About Constellation Behavioral Health

Constellation Behavioral Health is an organization dedicated to developing highly specialized treatment programs serving individuals and families suffering from addiction, mental health and co-occurring disorders. Constellation programs include its flagship facility, Alta Mira Recovery Programs, a nationally recognized adult residential dual diagnosis treatment center located in Sausalito, CA, and Bridges to Recovery, a premier residential treatment program for individuals struggling with mental health disorders located in Los Angeles, CA.

For further information, please visit the company’s website at www.constellationbehavioralhealth.com

About New MainStream Capital

New MainStream Capital is a private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies.  NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends.  NMS has invested across a broad spectrum of industries, with particular concentration on service oriented businesses in the following three sectors: Healthcare Services, Business Services, and Consumer Products and Services.

For further information, please visit the company’s website at www.nms-capital.com

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.

For further information, please visit the firm’s website www.cokercapital.com