Latticework Capital Management Announces Investment in Beacon Behavioral Hospital, a Leading Provider of Mental Health Treatment Programs
DALLAS--(BUSINESS WIRE)--Jan 12, 2021--
Latticework Capital Management, a Dallas-based private equity firm focused on partnering with entrepreneurially-minded management teams to build leading healthcare companies, announced today that it has made a strategic investment in Beacon Behavioral Hospital (“Beacon”), a leading provider of mental health treatment programs. Headquartered in Baton Rouge, Louisiana, Beacon is one of the largest and most established psychiatric treatment providers in Louisiana. Beacon currently has inpatient and intensive outpatient programs that provide treatment services to those struggling with mental health disorders.
“We are excited to partner with Sean Wendell and the entire Beacon team, as we look to support their vision for continued leadership in this underserved industry,” said Latticework Managing Partner Kyle Bradford. “Beacon has a strong reputation in Louisiana for its quality of care and clinical operations, and we are honored to partner with the team to continue executing upon their vision for growth.”
Sean Wendell, CEO of Beacon Behavioral Health Hospitals said, “A tremendous opportunity exists for Beacon to further support our patient population by enhancing our existing service capabilities, as well as strategically adding new solutions to the Beacon portfolio. My team and I were in search of a partner that shared our vision for growth and could help us to achieve our goal of becoming the preeminent mental health provider in the state. We believe we found such a partner with Latticework, which has substantial experience and resources within the healthcare industry and a proven track record of supporting management teams in growing healthcare businesses like ours.”
About Beacon Behavioral Hospital:
Beacon Behavioral Hospital is a leading provider of psychiatric treatment services in Louisiana. The Company currently operates four inpatient treatment programs and eight outpatient treatment programs throughout the state. Beacon’s mission, “to provide unsurpassed patient care in a compassionate, cost effective, and ethical manner,” has been, and will always be, the cornerstone of Beacon’s success. To learn more visit www.beaconbh.com
About Latticework Capital Management:
Headquartered in Dallas, Latticework is a growth oriented private equity firm focused exclusively on the healthcare industry. Latticework leverages its over 60 combined years of healthcare experience, as well as its network of industry executives, to help companies grow and realize their full long-term value. The firm is currently investing out of LCM Healthcare Fund I, LP and Beacon represents the fourth platform investment made from this investment partnership. For more information, please visit www.latticeworkcapital.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20210112005312/en/
CONTACT: Chenille Sharpe
KEYWORD: TEXAS LOUISIANA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES MENTAL HEALTH HEALTH HOSPITALS FINANCE BANKING
SOURCE: Latticework Capital Management
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PUB: 01/12/2021 10:17 AM/DISC: 01/12/2021 10:18 AM