Press Release August 05, 2015

Goodwin Advises Nautic Partners and Odyssey Behavioral Healthcare on Partnership and Acquisitions

Goodwin Procter attorneys recently advised Odyssey Behavioral Healthcare on its acquisitions of Pasadena Villa Psychiatric Residential Treatment Centers and Lifeskills South Florida. These are the first two acquisitions for the platform, which is a new partnership between private equity firm Nautic Partners and Scott Kardenetz, CEO of Odyssey. The new enterprise is focused on building a diversified platform of behavioral health facilities across the treatment spectrum in psychiatric and addition care. Goodwin also advised Nautic on the partnership. Terms of the transactions were not disclosed.

Founded in 1986 and based in Providence, RI., Nautic Partners LLC is a middle-market private equity firm that has managed over $3 billion of assets during its 29 year history. The firm has completed 120 transactions in partnership with management.

The Goodwin team advising Nautic and Odyssey was led by John LeClaire and Adam Small and included Mark Kirshenbaum (Tax), Andy Sucoff (Real Estate) and Anna Dodson and Nick Palumbo (Leveraged Finance).

To learn more, please read the Nautic press release.