Levine Leichtman Exits Behavioral Health Investment
July 09, 2013
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Levine Leichtman Capital Partners has exited its investment in Sequel Youth and Family Services, an Alabama-based healthcare company, through a recapitalization. Alaris Royalty announced a $66 million contribution to Sequel in support of the transaction. Founded in 1999, Sequel is a national provider of diversified behavioral health services for people with behavioral, emotional or physical challenges. Levine Leichtman helped fund Sequel's 2011 acquisition of Camelot System of Care, a complementary healthcare provider focused on at-risk and delinquent youth. Levine Leichtman first invested in Sequel in February 2010.
