PRESS RELEASE
For Immediate Release
Contact: Chris Tofalli
Phone: 914-834-4334
Linden Enters Behavioral Healthcare Industry With
Behavioral Centers of America Investment
BCA Distinguished By an Experienced and
Successful Team in Behavioral Healthcare
Chicago, Illinois (July 17, 2007) - Linden LLC, a Chicago-based
private investment firm that focuses on middle market leveraged buyout investments in the
healthcare and life science sectors, today announced its investment in Behavioral Centers of
America (BCA), a growing healthcare company that is committed to the single specialty of
behavioral healthcare.
Headquartered in Nashville, BCA owns and operates inpatient and outpatient facilities in six
locations in Ohio and Texas, primarily focused on adolescent and geriatric adult populations.
BCA’s facilities include freestanding psychiatric hospitals, residential treatment centers,
psychiatric specialty hospitals within medical-surgical hospitals, and psychiatric outpatient
clinics. With over 260 employees, and all of its facilities accredited by the Joint Commission
on Accreditation of Healthcare Organizations, BCA provides exceptional behavioral healthcare to
patients and support to patients’ families.
BCA’s senior management team, which has prior success in building and running behavioral
healthcare businesses, will be headed by Chief Executive Officer Edward A. Stack.
Additionally, the executive team includes Dr. Zyama Goldman, M.D., BCA’s Chairman, Chief
Medical Officer, and Founder, and Michael Davis, Chief Financial Officer. Combined, the team
has over 90 years of successfully building and operating behavioral healthcare organizations.
Eric Larson, Managing Partner and Founder of Linden, said, “Ed and his team have
done an outstanding job of building BCA into a provider of high-quality
psychiatric care, and we look forward to working with Ed and his management team
to deliver this high-quality patient services to a wider range of patients in
more markets.”
Mr. Stack previously founded and built Behavioral Healthcare Corporation, starting with the
acquisition of six hospitals from Hospital Corporation of America. He helped to grow BHC to
48 hospitals in 22 states and Puerto Rico that formed the platform for Ardent Health Services,
which eventually sold its psychiatric hospitals in 2005 to Psychiatric Solutions.
Mr. Stack, said, “We are very proud of the organization we have built and the reputation
we have developed as a provider of distinct and effective care of behavioral health patients.
We look forward to working together with our new partners at Linden to further expand our
services, including youth programs and adult and geriatric psychiatry programs.”
Avondale Partners, LLC acted as exclusive financial advisor to BCA on this transaction.
About Linden LLC
Linden, LLC (“Linden”) is a Chicago-based private equity firm focused exclusively on the
healthcare and life science industries. Its target segments include animal health,
medical products/disposables, laboratory equipment & consumables, orthopaedics, wound care,
nutrition, contract manufacturing, ophthalmology, diagnostics, oral health, behavioral health,
and other select healthcare services. Linden’s strategy is based upon three key elements: i)
healthcare and life science industry specialization, ii) integration of operating expertise
from investment to value creation, and iii) focus on building strategic relationships,
particularly with large global healthcare and life science companies. For additional information
about Linden, please visit
www.lindenllc.com.
About BCA
Based in Nashville, Behavioral Centers of America (“BCA” or “the Company”) is a growing
healthcare company that is committed to the single specialty of psychiatric healthcare.
BCA aims to address the mental health needs of its patients through a continuum of services,
which it is developing in markets across the United States. BCA currently owns and operates
inpatient and outpatient facilities in six locations in Ohio and Texas, primarily focused on
adolescent and geriatric populations.
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