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Farlie Turner Completes Year-End Sale of Lakeview Health Systems, LLC and Affiliates to Trinity Hunt Partners
FORT LAUDERDALE, Fla. (January 3, 2013) – Fort Lauderdale-based investment banking firm Farlie, Turner & Co. announced today that it served as exclusive financial advisor to Lakeview Health Systems, LLC and its affiliates (collectively “LHS”) in their recent majority sale to Trinity Hunt Partners, a Dallas-based private equity group, and other co-investors.
Headquartered in Pompano Beach, Florida, LHS operates two licensed residential drug and alcohol addiction treatment centers in Jacksonville, Florida. The company provides a full continuum of care, beginning with inpatient medical detoxification and ending in intensive outpatient care. Since beginning operations in 2001 with a single 42-bed facility, LHS has grown to a total of 232 licensed beds, making the company among the largest single campus inpatient and residential drug and alcohol treatment businesses in the U.S.
“We relied on Farlie Turner to provide experience-based advice, thoughtful guidance and ongoing transaction support, and they delivered on all fronts. They streamlined a complex process and helped to deliver a great result for our shareholders,” stated Barry Goldstein, one of the founding shareholders of LHS.
“Farlie Turner worked closely with all parties involved to drive the LHS transaction to a closing prior to year-end,” said Craig Farlie, who led the Farlie Turner transaction team. “This represents another successful outcome for a client in the healthcare space, and we look forward to following LHS’s growth under Trinity Hunt Partners’ ownership,” he added.
Terms of the transaction were not disclosed. Please contact Craig Farlie at 954-358-3800 regarding questions on the LHS transaction.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.