ReMed Recovery Care Centers, LLC (“ReMed”), a leading regional best-in-class provider of brain injury rehabilitation services, announced that it was acquired by US Community Behavioral, LLC (“USCB”), a portfolio company of Bregal Partners.
The acquisition was made in partnership with ReMed’s management team and will provide ReMed with support infrastructure and capital to expand its operations. ReMed will become a division of USCB. The terms of the transaction were not disclosed. Bryant Park Capital Securities, Inc. acted as exclusive financial advisor to ReMed in connection with this transaction.
Joanne Finegan, the President of ReMed, stated, “This transaction represents an exciting next step for ReMed, as part of a leading platform of community-based behavioral health services across the United States. ReMed’s partnership with US Community Behavioral will provide resources and capital to continue to enhance the breadth and depth of our referral and patient relationships. We look forward to the opportunities ahead, especially as ReMed enters its 30th year.”
“We had very specific criteria for a partner. This was our first experience with an investment bank and Bryant Park’s experience and commitment were invaluable. The senior bankers on the deal educated and guided us and provided the necessary support throughout. They remained fully committed to the deal through the ups and downs of a long process and enabled us to reach our goals."