Investor Eying Sale of Monte Nido in 2022

Monte Nido & Affiliates, the multistate provider of eating disorder treatment for adults and adolescents, could be up for sale in 2022, according to a report published Tuesday by PE Hub.

Levine Leichtman Capital Partners, the middle private equity firm which has backed Monte Nido & Associates since 2015, is exploring a potential deal and has enlisted the services of mergers and acquisitions advisory firm Harris Williams for advice, according to PE Hub.

Monte Nido operates a network of more than 40 programs in 13 states through its portfolio of affiliate brands: Monte Nido, Rosewood, Clementine Programs, Oliver-Pyatt Centers, and Walden Behavioral Care, which was acquired in July.

With an EBITDA of approximately $50 million, per industry estimates, a sale that follows recent relevant deals and clocks in around 20 times EBITDA could result in a deal valued at up to $1 billion, PE Hub estimated in its report.