FFL Partners and Two Sigma Investments completed the acquisition of a majority stake in Community Medical Services from Clearview Capital.

FFL Partners, an American private equity firm, and Two Sigma Investments, a New York City-based hedge fund, completed the acquisition of a majority stake in Community Medical Services, a CARF–accredited substance use disorder treatment program providing services in the form of outpatient medication-assisted treatment and private one–on–one and group counseling, from Clearview Capital. Financial terms were not disclosed. “We’re happy to be partnering with Two Sigma Impact and supporting CMS’ innovative, data-based model of care at a time when there’s a huge need for increased access to the care CMS provides. Behavioral healthcare is a long-time focus of FFL’s SEED process to identify sub-sectors where we can add the greatest value, and we look forward to applying this experience to drive CMS’ growth while maintaining the highest standards of patient care," Chris Harris, FFL Partners Managing Partner.