Ambrosia Treatment Centers has divested its New Jersey based Treatment Program to Discovery Behavioral Health
November 16, 2018
Ambrosia Treatment Center (“Ambrosia”), a provider of substance abuse and addiction treatment, has divested its Medford, NJ based treatment program to Discovery Behavioral Health (“Discovery”), a portfolio company of Webster Capital. The program primarily treats patients from the greater Philadelphia and Southern New Jersey areas and provides services to patients through an outpatient facility and residential treatment facility. The acquisition does not involve any Ambrosia operations outside of New Jersey and upon closing of the transaction, the program began operating as Pinelands Recovery Center of Medford.
Discovery is a leading behavioral health provider specializing in the evidence-based treatment of alcohol and drug addiction, eating disorders, and a broad array of mental health conditions. Discovery operates more than 65 facilities nationwide and provides the full continuum of care including outpatient, intensive outpatient, partial hospitalization / day treatment, residential treatment, and inpatient detox. Under Webster’s ownership, Discovery has rapidly expanded it national footprint.
Cain Brothers served as the exclusive financial advisor to Ambrosia and assisted in structuring and negotiating the transaction.
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