Summit BHC Acquisition, Valuation, Funding & Investors

Summit BHC was acquired by Patient Square Capital for $1.3B in September 2021.

Summit BHC acquisition price

$1.3B

Acquired by Patient Square Capital · Sep 2021

Summit BHC EBITDA multiple at acquisition

15.0x

EV/EBITDA · Sep 2021

Cumulative funding Summit BHC raised

$12M

across 2 funding rounds

Key investors in Summit BHC

  • Flexpoint Ford

Summit BHC Overview

About Summit BHC

Summit BHC is an Atlanta-headquartered behavioral health provider founded in 2013 that operates 12 residential treatment centers across states including Georgia, Oklahoma, and Nevada. The network specializes in addiction recovery and mental health services for adults, offering detox, inpatient rehabilitation, and outpatient programs addressing chemical dependency and co-occurring disorders.


Founded

2013

HQ

United StatesNashville, TN

Status

Acquired

Customer focus

B2C

Revenue model

Services

Valuation

$1.3B (acquired Sep 2021)

Summit BHC Acquisition

Summit BHC was acquired by Patient Square Capital for $1.3B on 9 September 2021.

The acquisition price implies a 15.0x EBITDA multiple.

Before the acquisition Summit BHC had raised $12M across 2 funding rounds.

Summit BHC, founded in 2013 and headquartered in Franklin, Tennessee, is a leading provider of behavioral health and addiction treatment services, offering substance use disorder treatment and acute psychiatric care at 24 facilities across 16 states. The company provides a comprehensive continuum of care, including acute inpatient care, detoxification programs, residential, and outpatient services, utilizing an in-network commercial strategy for greater patient access. On September 9, 2021, Patient Square Capital announced a definitive agreement to acquire Summit BHC from FFL Partners and Lee Equity Partners in a transaction valued at an enterprise value of $1.3 billion, according to reports. FFL and Lee had acquired Summit in October 2017 and since then supported more than 200% growth through seven acquisitions, eight facility expansions, and five new centers, establishing Summit as one of the largest behavioral health providers in the U.S. The deal reflects strong demand for behavioral health services amid increasing societal recognition and pandemic-driven needs, with Patient Square citing alignment with Summit's mission and anticipation of dramatic sector growth. Summit's nearly 100% in-network commercial payer mix and highly regarded leadership were highlighted as key attractions.

Summit BHC acquisition details
AcquirerDateTypePriceEV/EBITDA
  • Patient Square Capital
9 Sep 2021PE buyout$1.3B15.0x

Summit BHC Funding History

Summit BHC has raised a total of $12M across 2 funding rounds.

Summit BHC's first fundraising round was a $10M Series A in July 2013. The most recent completed round was a $2M seed round in March 2015.

Summit BHC funding rounds

Summit BHC funding rounds
DateStageInvestorsRaised
Mar 2015SeedFlexpoint Ford$2M
Jul 2013Series A-$10M

Who has invested in Summit BHC?

1 investor has backed Summit BHC across its funding rounds, including Flexpoint Ford.


Summit BHC Investors

Investors in Summit BHC by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Summit BHC

Summit BHC has acquired 2 companies to date.

Last acquisition by Summit BHC was on January 7th 2021. Summit BHC acquired Seabrook for undisclosed valuation.


Latest Acquisitions by Summit BHC

Seabrook
Peak View Behavioral Health
Description
Seabrook is a Bridgewater-headquartered non-profit organization delivering behavioral healthcare services focused on addiction recovery and mental health treatment. The facility holds CARF accreditation and offers residential, outpatient, and extended care programs for substance use disorders. Seabrook serves clients across New Jersey and surrounding states from its 120-acre campus established in 1974.
Peak View Behavioral Health is a Holyoke, Colorado-based facility offering inpatient and outpatient mental health treatment for youth, adults, and geriatrics. Services encompass detoxification, substance use disorder programs, electroconvulsive therapy, dialectical behavior therapy, cognitive behavioral therapy, medication management, and trauma-informed care. The 42-bed hospital addresses chemical dependency, psychiatry needs, and co-occurring disorders with 24/7 crisis stabilization. Accredited by The Joint Commission, it integrates family involvement and aftercare planning for sustained recovery.
HQ CountryUnited StatesUnited States
HQ City
Bridgeton, NJ
Colorado Springs, CO
Deal Date7 Jan 202121 Jan 2020
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Summit BHC Competitors

Summit BHC competitors include listed companies like Spire Healthcare Group, Netcare, AMN Healthcare Services and Park Medi World, and private ones like Kerala Institute of Medical Sciences and Shulan Health.

Public and private companies comparable to Summit BHC
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Spire Healthcare GroupUnited KingdomUnited KingdomPublicly listed$2.1B$323M$1.3B1.4x
NetcareSouth AfricaSouth AfricaPublicly listed$1.6B$304M$1.3B1.2x
AMN Healthcare ServicesUnited StatesUnited StatesPublicly listed$2.7B$101M$1.3B0.6x
Park Medi WorldIndiaIndiaPublicly listed$172M$46M$1.3B6.3x
Kerala Institute of Medical SciencesIndiaIndiaPrivate$118M-$1.3B10.6x
Shulan HealthChinaHangzhouPrivate--$1.2B-

Summit BHC Public Comps

Summit BHC is no longer listed, but its public comps include Spire Healthcare Group, Netcare, AMN Healthcare Services, Park Medi World, U.S. Physical Therapy, Mitra Keluarga, Almoosa Health, Ramsay Santé, Pennant Group and Med Life.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Spire Healthcare Group$2.1B$323M1.4x1.4x9.4x8.0x
Netcare$1.6B$304M1.3x1.2x6.7x6.3x
AMN Healthcare Services$2.7B$101M0.6x0.6x17.3x5.8x
Park Medi World$172M$46M7.3x6.3x27.2x24.1x
U.S. Physical Therapy$781M$110M2.5x2.3x17.5x18.9x
Mitra Keluarga$303M$116M4.2x3.8x10.8x10.1x
Almoosa Health$378M$95M4.6x4.2x18.4x-
Ramsay Santé$6.2B$720M0.9x-8.0x-

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Common questions about Summit BHC

When was Summit BHC founded?Summit BHC was founded in 2013.
Where is Summit BHC headquartered?Summit BHC is headquartered in Nashville, TN, United States.
Is Summit BHC publicly listed?No, Summit BHC was acquired by Patient Square Capital in September 2021.
Who acquired Summit BHC?Summit BHC was acquired by Patient Square Capital in September 2021.
How much was Summit BHC acquired for?Summit BHC was acquired for $1.3B in September 2021.
How much funding has Summit BHC raised?Summit BHC has raised $12M across 2 funding rounds.
What was Summit BHC's last funding round?Summit BHC's last funding round was a $2M seed round in March 2015.
Who are Summit BHC's investors?Summit BHC's investors include Flexpoint Ford.
Which companies are comparable to Summit BHC?Companies comparable to Summit BHC include Spire Healthcare Group, Netcare, AMN Healthcare Services, Park Medi World, Kerala Institute of Medical Sciences and Shulan Health.
How many companies has Summit BHC acquired?Summit BHC has acquired 2 companies, including Seabrook and Peak View Behavioral Health.

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