From the Wires
American Capital Invests in The Meadows to Support Add-on Acquisition of Remuda Ranch
By: PR Newswire
Jan. 4, 2013 02:00 PM
BETHESDA, Md., Jan. 4, 2013 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that in December 2012 American Capital and an affiliate invested in the equity of portfolio company The Meadows to support the acquisition of Remuda Ranch, a provider of inpatient, residential and outpatient eating disorder treatment programs. The Meadows is a premier multi-disorder inpatient facility specializing in the treatment of a broad range of addictions.
"We are pleased to support The Meadows' growth and expansion with this equity investment in support of its acquisition of Remuda Ranch," said Bowen Diehl, American Capital Managing Director. "American Capital's additional investment in The Meadows demonstrates our long-term commitment to growing and adding value to our portfolio companies. Since our investment in 2006, The Meadows has performed extremely well, attracting a large number of patients and providing successful treatments. The acquisition of Remuda Ranch expands The Meadows' treatment services to address the growing needs of patients suffering from eating disorders, while providing The Meadows with facilities in which to expand its existing treatment programs."
American Capital first invested in The Meadows in 2006. The Meadows offers treatment for psychological conditions, compulsive and addictive behaviors and affective disorders. Located on a 14 acre campus in Wickenburg, Arizona, The Meadows consists of an inpatient facility and two extended care facilities. Founded in 1976, The Meadows has helped more than 20,000 patients in one of its three inpatient centers and 25,000 attendees in national workshops. The Meadows' world-class team of Senior Fellows, Psychiatrists, Therapists and Counselors treat the symptoms of addiction and the underlying issues that cause lifelong patterns of self-destructive behavior.
Founded in 1990 and also based in Wickenburg, Arizona, Remuda Ranch is focused exclusively on the treatment of eating disorders for adult, adolescent and child females and has treated more than 10,000 patients for anorexia nervosa, bulimia nervosa, binge eating disorder and other eating and co-occurring behavioral disorders. Remuda Ranch operates three levels of care, including: acute inpatient hospitalization, residential treatment and outpatient. Remuda Ranch's facilities consist of five campuses on approximately 125 acres.
"As a leading clinical program focused on the resolution and treatment of trauma and addiction, The Meadows is focused and dedicated to addressing and treating trauma, particularly childhood trauma, and the resulting behavioral patterns," said Marshall White, American Capital Vice President. "The joining of The Meadows and Remuda Ranch teams brings together some of the best medical and clinical professionals in the industry to provide eating disorder patients with a complete range of treatment solutions for eating disorders experienced by people of all age groups."
American Capital and its affiliated funds have invested approximately $31 billion in over 540 portfolio companies both directly and in support of leading financial partners in change of control transactions. For more information about American Capital's portfolio, go to http://www.americancapital.com/Pages/our_portfolio/our_portfolio.aspx.
ABOUT AMERICAN CAPITAL
This press release contains forward-looking statements. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
SOURCE American Capital, Ltd.
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