ValueOptions Hires Bear Stearns To Find New Venture Partner
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst
Industry News
In order to refinance the debt acquired when Options purchased Value Behavioral Health in 1998, ValueOptions has hired the New York investment banking firm of Bear Stearns & Co. "to find a new venture partner," according to Ronald Dozoretz, M.D., ValueOptions Chairman and Chief Executive Officer. In early 1998 when the firm bought Value Behavioral Health, it became a "venture partner" with J.P. Morgan Chase, with the right to buy 10 percent of the equity in the company . . .