The Riverside Company Plans for Additional Expansion in Acquisition of Growing Lakeview Health
JACKSONVILLE, FL (December 19, 2016) — Lakeview Health, a Jacksonville-based addiction treatment center, announced today that it has been acquired by global private equity firm The Riverside Company. Lakeview Health was previously owned by Dallas-based Trinity Hunt Partners, who greatly expanded the programs and campus since their 2013 purchase of the center.
“As the needs for substance-abuse treatment grow, providers require expansive resources to provide world-class care while meeting the demands of payors,” said Riverside Partner Hunter Peterson. “Lakeview has a proven clinical care track record, excellent management and a fully developed back office, which makes it well-positioned for strong growth.”
“Lakeview Health has had such tremendous success in the past three years through its integrative health model, servant leadership, and continued investment by Trinity Hunt Partners,” commented Roy M. Serpa, President and CEO of Lakeview Health. “We’ve received tremendous attention and distinction in this category for our model of gender-responsive addiction treatment. Now with The Riverside Company, we hope to continue this trajectory. There is so much in the works.”
The servant leadership model used by Lakeview Health challenges the traditional “top–down” leadership model used by most companies. Executives see their role as supporting the employees who give care to patients. This shift has removed the micromanagement element of doing business and created a culture of enabled staff who can innovate within their role.
Roy M. Serpa will continue in his role as president and CEO to continue his vision for creating a center of excellence that will be a model for long-term addiction recovery nationwide. Over the last three years, he and his leadership team have transformed Lakeview Health through a phased series of addiction treatment specialties and building expansions. The latest of which was the opening in May of The Rose of Lakeview. This 54-bed, 35,600-square-foot women’s center was built on four acres of newly acquired land adjacent to Lakeview Health’s existing campus. The environment provides women with detox, medical care, and primary therapy within a completely gender-responsive treatment framework.
The Riverside Company partnership will allow Lakeview Health to expand its brand into new regions such as the Southwest, Central and Northeast United States, by de novo or acquisition.
About Lakeview Health
Lakeview Health, located in Jacksonville, FL, serves individuals with addiction and psychiatric disorders. Licensed clinical staff work in large and small groups to offer an integrative health approach that addresses the medical, psychological, physical, and spiritual aspects of recovery.
Our gender-responsive programs—the Rose of Lakeview and the Star of Lakeview—host unique treatment features that cater to women and men independently. We provide a full continuum of care that runs from medical detox to intensive outpatient, allowing patients to successfully move toward a life in recovery. Call us at 866-460-8416 or visit us at www.LakeviewHealth.com.
About The Riverside Company
Riverside is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 450 transactions. The firm’s international portfolio includes more than 80 companies.
About Trinity Hunt Partners
Trinity Hunt Partners is a Dallas-based private equity firm investing in established middle-market companies that are valued between $20 million and $150 million, where additional capital and operating resources can accelerate growth. The firm considers investment opportunities across a select group of industries where it has developed domain expertise, including business services, industrial growth, healthcare services, and non-cyclical consumer. For more information on Trinity Hunt Partners, visit www.trinityhunt.com or contact Scott Colvert at [email protected]