Apax, an asset manger, and Oak, a venture and growth equity investment firm, agreed to acquire Eating Recovery Center, a provider of eating disorder treatment for female and male children, from CCMP Capital, a private equity firm, for $1.4bn. “We are thrilled to partner with Apax and Oak HC/FT on the next phase of our journey to expand access to mental health treatment in the US. In addition to growth capital, we believe our new partners bring the right digital DNA to accelerate the growth of our virtual care offering. CCMP has been instrumental in furthering our mission and fuelling our expansion through new facility development, capacity, and service line growth, and establishing our virtual care platform to support our patients and their families. We thank them for their partnership," Rebecca Steinfort, ERC CEO.