News Report | November 1, 2021
Eating Recovery Center Acquired By Apax X Fund & Oak HC/FT
On October 5, 2021, Apax X Fund (Apax), in partnership with Oak HC/FT (Oak), signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center (ERC) from CCMP Capital Advisors, LP. ERC and its subsidiary Pathlight Mood & Anxiety Center provide eating disorder and mood and anxiety treatment in the United States. Financial terms were not disclosed, but the value has been reported at $1.4 billion. The transaction is slated to close before the end of 2021. ERC’s medical, clinical, operational, and corporate leadership, and staff will remain in place after the merger closes . . .