Linden Capital Partners, a Chicago-based healthcare private equity firm, completed its acquisition of Pinnacle Treatment Centers, which operates 30 treatment facilities in five states. According to a company statement, future growth includes expanding to new geographic locations. The value of the deal was not disclosed.
Founded in 2006, Pinnacle provides a full continuum of care from detox to recovery housing, including medication-assisted treatment, and is headquartered in Mt. Laurel, N.J. Current sites include Kentucky, Michigan, New Jersey, Pennsylvania and Virginia, with additional properties under development in Ohio, Indiana and Minnesota.
Kirkland & Ellis LLP served as legal advisors to Linden. Piper Jaffray & Co. and Sheppard, Mullin, Richter & Hampton LLP served as financial and legal advisors to Pinnacle. Golub Capital provided financing for the transaction.