Clearview Capital Fund III has acquired Community Medical Services Holdings, an opioid treatment program (OTP) headquartered in Scottsdale, Arizona. The deal adds 14 treatment centers to Clearview’s investments, and Community Medical becomes a portfolio company.
With centers in four states, Community Medical provides services to more than 4,000 individuals and operates the nation’s first 24-hour OTP, according to officials. Centers offer all three medication-assisted treatment options as well as counseling and outpatient detox services.
Launched in 1983, Community Medical is CARF accredited. With the new investment, the company is expected to grow through additional programs and expansion of services as well as add-on deals.
Clearview also holds Pyramid Healthcare and its 80 treatment centers, a platform deal that dates back to 2011. Its latest transaction was in June 2017 with Tapestry Eating Disorder Services of Western North Carolina—Pyramid’s eighth add-on acquisition.
The Community Medical Services Holdings transaction closed on March 30, 2018. Nick Stavros, CEO, will continue to lead the management team and maintain ownership. Clearview Capital sourced the transaction from Quarton International, who advised the seller.
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