- Companies
- Summit BHC
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
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
Website
Status
Acquired
Customer focus
B2C
Revenue model
Services
Valuation
$1.3B (acquired Sep 2021)
Sectors
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.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 9 Sep 2021 | PE buyout | $1.3B | 15.0x |
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
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Mar 2015 | Seed | Flexpoint Ford | $2M |
| Jul 2013 | Series A | - | $10M |
Who has invested in Summit BHC?
1 investor has backed Summit BHC across its funding rounds, including Flexpoint Ford.
Summit BHC Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Bridgeton, NJ | Colorado Springs, CO |
| Deal Date | 7 Jan 2021 | 21 Jan 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Summit BHC acquisitions and their M&A valuation multiples. Start Free Trial | ||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.1B | $323M | $1.3B | 1.4x | ||
| Publicly listed | $1.6B | $304M | $1.3B | 1.2x | ||
| Publicly listed | $2.7B | $101M | $1.3B | 0.6x | ||
| Publicly listed | $172M | $46M | $1.3B | 6.3x | ||
| Private | $118M | - | $1.3B | 10.6x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $323M | 1.4x | 1.4x | 9.4x | 8.0x | |||
| $1.6B | $304M | 1.3x | 1.2x | 6.7x | 6.3x | |||
| $2.7B | $101M | 0.6x | 0.6x | 17.3x | 5.8x | |||
| $172M | $46M | 7.3x | 6.3x | 27.2x | 24.1x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $303M | $116M | 4.2x | 3.8x | 10.8x | 10.1x | |||
| $378M | $95M | 4.6x | 4.2x | 18.4x | - | |||
| $6.2B | $720M | 0.9x | - | 8.0x | - | |||
This data is available for Pro users. Sign up to see all Summit BHC competitors and their valuation data. Start Free Trial | ||||||||
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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