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New Deal


Announced

Discovery Behavioral Health to acquire New Life.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Health Care Services

United States

Majority

Single Bidder

Acquisition

Pending

Private

dual-diagnosis center

Synopsis

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Discovery Behavioral Health, a provider of mental health services, has acquired New Life Addiction Counseling & Mental Health Services, an addiction treatment services center. Financial terms were not disclosed. "This area of the country continues to suffer the brunt of the nation's opioid epidemic. Too often, fatal overdose deaths are the result of a lack of available treatment. New Life, Treatment Center with its long history of effective treatment of drug and alcohol addiction, is committed to helping turn the tide in the region's worst health crisis," Joe Tinervin, Behavioral Health's Substance President of Discovery Use Division.

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