WASHINGTON, D.C. – May 1, 2019 – 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.
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.
“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.
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.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
HFF Senior Managing Director
HFF Senior Director
HFF Director, Public Relations
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