Recent News and Announcements from Centre Partners
Leading Private Equity Firm Partners with Management to Invest in Premier Provider of Treatment for Eating Disorders
New York, NY (December 21, 2012) – Centre Partners, a leading middle market private equity firm announced that it has made an investment in Monte Nido Holdings, LLC (“Monte Nido” or the “Company”) in partnership with the Company’s management team and founders.
Monte Nido, based in Malibu, California, is a preeminent provider of treatment for eating disorders and exercise addiction to adults and adolescents. Founded in 1996, the Company operates seven facilities in California and Oregon, which collectively offer a full spectrum of treatment alternatives from residential care to day treatment programs in both markets.
Monte Nido is the premier brand in the eating disorder treatment industry with wide recognition from referring professionals, families, and patients for its focus on clinical outcomes. Founder and Executive Director Carolyn Costin is universally known as a leading practitioner, author and advocate in the eating disorder treatment industry, and with her husband, Bruce Martin, who serves as CEO, has built Monte Nido into a nationally renowned treatment provider.
“We are excited to partner with Carolyn Costin and Bruce Martin to build on Monte Nido’s strong reputation for clinical excellence and market leadership in the eating disorder treatment industry,” stated Jeff Bartoli, Managing Director of Centre Partners.
“We’re extremely pleased to have partnered with Centre,” stated Bruce Martin. “They understand the importance of the care that we provide and are committed to helping us maintain our clinical focus as we grow the business together.”
“Monte Nido’s treatment programs produce industry-leading outcomes for this important population, but access to them has historically been limited by the Company’s capacity. We look forward to supporting the management team in expanding the facility base to allow more people to benefit from this level of care,” said Nishad Chande, Senior Director of Centre Partners.
Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire to make a meaningful economic stake in the future success of their businesses. Centre Partners has invested over $2 billion in more than 70 transactions, partnering with management teams across a broad spectrum of industries. Centre Partners provides those teams with access to its unique resources, which include an extended network of experienced and proven operating executives. The firm is currently investing through its fifth fund. Additional information is available at www.centrepartners.com.
Monte Nido, based in Malibu, California, is a leading provider of treatment for eating disorders and exercise addiction to adults and adolescents. Founded in 1996, the Company operates seven facilities in Southern California and Oregon, which collectively offer a full spectrum of treatment alternatives from residential care to day treatment programs in both markets. Additional information is available at www.montenido.com.