Done Deals: HFF arranges financing for a nine-property, multi-state behavioral healthcare portfolio

Tuesday, May 7, 2019

HFF arranges financing for a nine-property, multi-state behavioral healthcare portfolio

Perimeter Healthcare

WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing for a nine-property, multi-state behavioral healthcare portfolio totaling 943,843 square feet and 765 licensed beds.

HFF worked on behalf of the borrower, Perimeter Healthcare, and its financial sponsor, Ridgemont Equity Partners, to secure the five-year, floating-rate senior loan through a four-bank syndicate led by Pinnacle Financial Partners and including ServisFirst Bank, Hancock Whitney Bank and Bancorp South.

Mark E. West

The portfolio includes:

· Perimeter Behavioral of Forrest City in Forrest City, Arkansas; Perimeter Behavioral Hospital of West Memphis and Perimeter Behavioral of West Memphis in West Memphis, Arkansas; Piney Ridge Behavioral in Waynesville, Missouri;

· Perimeter Behavioral Hospital of Springfield in Springfield, Missouri; Perimeter Behavioral Hospital of Jackson and Perimeter Behavioral of Jackson in Jackson, Tennessee; Beacon Children’s Hospital in Luverne, Alabama; Perimeter Behavioral Hospital of New Orleans in Kenner, Louisiana;

· Perimeter Behavioral Hospital of Dallas in Garland, Texas, and Perimeter Behavioral Hospital of Arlington in Arlington, Texas. All nine facilities are fully occupied by Perimeter Healthcare, a behavioral healthcare company that treats a broad range of mental diseases in both inpatient and outpatient care settings.

The HFF debt placement team representing the borrower included senior managing director Mark West, senior director Jamie Leachman and director Evan Parker.

Jamie Leachman

“Ridgemont Equity Partners and Perimeter Healthcare are best-in-class operators, focused on serving a critical need for their patients and their communities,” Leachman said.

“Pinnacle Bank, ServisFirst, Hancock Whitney and Bancorp South performed flawlessly, and we are thrilled to have been a part of such an impactful financing process.”

About Perimeter Healthcare

Perimeter Healthcare provides mental and behavioral health services in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers and outpatient clinics.

Headquartered in Alpharetta, GA, Perimeter’s facilities are in Arkansas, Missouri, Tennessee, Alabama, Louisiana, and Texas. For more information, please visit: www.perimeterhealthcare.com.

Evan Parker

About Ridgemont Equity Partners

Ridgemont Equity Partners is a middle market private equity firm that provided more than $4 billion of buyout and growth capital to private companies and new business platforms since 1993.

For more information, please visit:www.ridgemontep.com.