Antares Capital served as administrative agent and joint lead arranger on a $136 million senior secured credit facility to support the acquisition of Meadows Behavioral Healthcare by Kohlberg & Company.

Upon the acquisition of The Meadows, Kohlberg formed Alita Care, which will serve as the parent holding company for The Meadows and Kohlberg’s existing portfolio company, Sunspire Health. The Meadows and Sunspire will continue to operate as independent brands within Alita, while exploring ways to improve patient care through the sharing of best practices.

“We are thrilled to be working with Antares on the Alita transaction,” said Evan Wildstein, partner of Kohlberg. “The Antares team once again provided timely and flexible financing and supported us with a meaningful commitment.”

“Having worked with the Kohlberg team for many years, we have confidence in their healthcare investment strategy and believe in their vision for Alita,” said Chet Zara, senior managing director with Antares Capital. “We are looking forward to supporting the growth opportunities that arise from bringing two industry leading companies together under Kohlberg’s ownership.”

Sunspire Health is a provider of behavioral health services for the treatment of substance abuse and other co-occurring disorders.

Meadows Behavioral Healthcare provides treatment for trauma and for treating people struggling with addiction, eating disorders, and related mental health conditions.

Kohlberg & Company is a private equity firm headquartered in New York. Since its inception in 1987, Kohlberg has organized seven private equity funds, through which it has raised over $5 billion of committed equity capital.