Rare opportunity to acquire a premium, dual-state behavioral health platform operating in two attractive, high-barrier destination markets. The contemplated transaction includes two operating treatment facilities, associated fee-simple real estate, established management and centralized shared services.

The business generated approximately $4.69 million in trailing twelve-month revenue and $1.42 million in adjusted EBITDA. The platform currently has 14 licensed beds, with identified opportunities to expand capacity to as many as 24 beds, subject to buyer validation and all required regulatory, licensing, construction and permitting approvals.

A major differentiator is the transaction’s advanced financing and closing readiness. The prior acquisition was fully underwritten and approved under a pari passu lender structure and had progressed into closing. The operating companies and associated real estate have already undergone substantial lender diligence, underwriting and appraisal work.

A replacement buyer must still be independently vetted and approved by the lenders. However, a qualified buyer may benefit from the significant work already completed rather than beginning an entirely new acquisition financing process from the start.

The opportunity is returning to market because the prior buyer was unable to complete the required funding within the agreed closing timeline. This was a buyer-side issue and was not related to the Company’s operating performance or the lenders’ view of the underlying business and real estate.

Both facilities operate at approximately 92% occupancy and serve primarily commercially insured, out-of-network and private-pay clients, with additional in-network military payer relationships at one facility. Day-to-day operations are led by an experienced Executive Director and facility-level clinical leadership. Owner involvement is limited to approximately three to five hours per week.

The platform benefits from centralized admissions, marketing, finance, billing oversight, compliance and human resources support. The acquisition offers immediate cash flow, owned real estate, limited owner dependency, geographic diversification and multiple growth opportunities.

Potential growth initiatives include expanding licensed bed capacity, developing additional payer relationships, increasing direct marketing, expanding referral and alumni channels, further utilizing the existing shared-services infrastructure and replicating the operating model in additional premium markets.

The associated fee-simple real estate is expected to be included in the transaction and has combined minimum value floors of approximately $4.85 million, subject to current appraisal, final transaction structure and definitive agreements.

A detailed Confidential Information Memorandum, financial package, licensing materials and electronic data room are available to qualified buyers following execution of a confidentiality agreement and completion of buyer registration.