Daily News: January 3, 2013

Trinity Announces Portfolio Company Recap

Trinity Hunt Partners (THP) announced the recapitalization of portfolio company Eating Recovery Center, an international center for eating disorders providing comprehensive treatment for anorexia, bulimia, EDNOS and binge eating disorder.

Eating Recovery Center was recapitalized by Lee Equity Partners, a New York-based private equity firm focused on growth capital investments in middle-market companies across a range of industries.

The transaction represents the completion of an investment by THP in 2010 that saw Eating Recovery Center grow from a single-facility acute care provider in Denver to a multi-state, multi-facility provider overseeing the treatment of acute and partial hospitalization of adult and adolescent patients from across the country.

In partnership with THP, Eating Recovery Center executed a significant growth plan from 2010 to 2012 that included three new treatment facility developments and two strategic West Coast facility affiliations to significantly expand its spectrum of care and geographical reach. Since the initial transaction with THP in 2010, Eating Recovery Center has expanded its workforce from approximately 90 employees in Denver to over 300 across three states.

The management team of Eating Recovery Center will remain with the company to continue delivery of strategic oversight for its comprehensive treatment programs and support the organization’s position as the leading privately owned psychiatric hospital system exclusively focused on eating disorders.

“At Eating Recovery Center, we have always sought to partner with those who share our values and our culture, and who are committed to providing the highest quality eating disorders care,” said Kenneth L. Weiner, MD, FAED, CEDS, founding partner and CEO of Eating Recovery Center. “Trinity Hunt was more than just a capital source, and their partnership and involvement played an instrumental role in shaping Eating Recovery Center into a leading national behavioral healthcare provider focused on the treatment of eating disorders through its vertically integrated model.”

William Blair & Company advised Eating Recovery Center and THP on the transaction.

Trinity Hunt Partners is a private equity firm that invests in middle-market companies valued between $10 million to $150 million, where additional invested capital and operating resources can enhance growth.