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Patient Square Capital signed a definitive agreement to acquire Summit BHC from FFL Partners and Lee Equity Partners. Financial terms of the private transaction were not disclosed.

Summit BHC was founded in 2013 to provide treatment for addiction and psychiatric disorders. The organization has 24 freestanding facilities located in 16 states. Its service line includes acute inpatient care, detoxification programs and residential and outpatient services. From its founding, Summit was designed to utilize an in-network commercial strategy to provide consumers with greater access to exceptional and affordable care.

Patient Square Capital is a dedicated health care investment firm purpose . . .

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