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WindRose Health Investors recapitalizes Traditions Behavioral Health.

M2 EQUITYBITES-November 26, 2018-WindRose Health Investors recapitalizes Traditions Behavioral Health

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Healthcare-focused private equity firm WindRose Health Investors, LLC has announced that funds managed by WindRose have completed a recapitalization of Traditions Behavioral Health (TBH), a West Coast-based provider of permanent outsourced physician psychiatric services to institutional and community-based programs, the company said.

TBH's permanent staffing solution addresses the serious difficulties psychiatric units face in both recruiting and retaining psychiatrists, while improving outcomes and increasing the quality and continuity of care. TBH manages all aspects of psychiatric staffing for its customers, including recruitment, on-boarding, training, scheduling, directorship, and documentation, among others.

WindRose partnered with TBH's executive team to recapitalize the business and to provide additional capital to support future growth. With WindRose's investment, TBH will be able to expand in new markets across the United States, broaden its services to treat more patients, and increase its stable network of high-quality psychiatrists.

Hancock Whitney Bank served as the lead arranger for a senior secured credit facility. McDermott Will & Emery LLP acted as legal advisor to WindRose and Foley & Lardner LLP acted as legal advisor to TBH.

TBH provides permanent outsourced physician psychiatric services to institutional and community-based programs. The Company's permanent staffing solution addresses the difficulties psychiatric units face in both recruiting and retaining psychiatrists.

WindRose Health Investors makes equity investments in companies that operate within the services sectors of the healthcare industry.

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Publication:M2 EquityBites (EQB)
Date:Nov 26, 2018
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