Delphi Behavioral Health Group has completed a recapitalization with private investment firm the Halifax Group. Terms of the deal were not announced, but the previous investor, Blue Ox Capital, exited through this transaction.
According to the company, the Delphi management team and CEO Dominic Sirianni will retain a “meaningful ownership position.”
“This sponsorship will enable us to increase the size of our network, expand our outpatient and after care programs, and fortify our internal infrastructure and systems to combat what has become a national epidemic,” Sirianni said in the announcement.
Later this year, Delphi plans to add the new Maryland House detox center near Baltimore to its portfolio. Its eight other locations include a number of facilities in south Florida and California, offering detoxification, residential, partial hospitalization and intensive outpatient services.