Industry News • May 07, 2019
CHARLOTTE, N.C. & ATLANTA–(BUSINESS WIRE)–Perimeter Healthcare, a behavioral healthcare company backed by Ridgemont Equity Partners, today announced the acquisition of two 116-bed inpatient psychiatric hospitals located in the Dallas Fort-Worth metroplex. After having formerly operated in the market under a different name, the facilities will re-open in 2019 as Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas and continue to provide quality, personal inpatient care for children, adolescents, adults and seniors facing acute mental and behavioral health challenges.
“The Perimeter team has been successful in delivering exceptional behavioral health services across its existing facilities.
“Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas will serve as the gold standard for inpatient psychiatric care in the Dallas Fort-Worth community,” said Rod Laughlin, President and CEO of Perimeter Healthcare. “We look forward to working with families and other community stakeholders to deliver exceptional clinical outcomes and transform the lives of those who come through these facilities.”
This transaction marks Perimeter’s third acquisition in the past seven months. In October 2018, the Company acquired Springfield Behavioral Hospital, a 32-bed inpatient psychiatric hospital serving the community in Springfield, Missouri. In February 2019, Perimeter acquired Lake Pines Hospital in Kenner, Louisiana, which will operate as Perimeter Behavioral Hospital of New Orleans. The facility will serve patients of all ages and Perimeter plans to expand the 36-bed hospital to more than double its size.
“The Perimeter team has been successful in delivering exceptional behavioral health services across its existing facilities,” said Scott Poole, Partner at Ridgemont. “The Springfield, New Orleans and Dallas Fort-Worth acquisitions are a testament to this success and provide meaningful opportunity for Perimeter to expand its best-in-class mental health programs.”
This article originally appeared in an article in BusinessWire.