Report: Investors Looking to Sell Summit BHC

Summit BHC, multi-state operator of behavioral health and addiction treatment facilities, is on the market, according to a report by PEHub.com.

The Franklin, Tennessee-based company is backed equally by Lee Equity and FFL Partners, which acquired a controlling interest in Summit in 2017. It is led by former Acadia Healthcare president Brent Turner, who was announced as the successor to Jon O’Shaughnessy as CEO in September 2020.

Sources tell PE Hub that Summit BHC’s multi-market behavioral health platform, which creates more opportunities for growth, is among several reasons the company is expected to be an attractive target to potential buyers. While SUD treatment services account for about 65% of Summit’s business, the acute psychiatric care side that represents the remainder of the company’s service offerings has accounted for much of the organization’s growth in recent years, a source tells PE Hub.

On Monday, Summit BHC announced the opening of Johnstown Heights Behavioral Health, 92-bed facility that provides adults, adolescents and children with mental health crisis intervention, inpatient treatment and medication management services, as well as intensive therapy for mental health issues. The property is the company’s 24th freestanding facility in the U.S. and its second in Colorado.