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.
To learn more, please read the Nautic press release.