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Discovery Behavioral Health Acquires Memorial Hermann Prevention & Recovery Center Houston

Aug 19, 2021•over 4 years ago

Acquiring Company

Discovery Behavioral Health

Acquired Company

HOUSTON

Irvine

Description

Discovery Behavioral Health and Memorial Hermann Health System jointly announce the sale of the Memorial Hermann Prevention & Recovery Center (PaRC) and its network of outpatient locations to Discovery Behavioral Health (DBH). The Prevention & Recovery Center will continue to focus on treating alcoholism, drug addiction and dual diagnosis patients in the Houston area and will retain the PaRC name (www.parcbh.com). The sale, which was finalized today, was subject to customary closing conditions including the completion of regulatory review processes.

Company Information

Company

Discovery Behavioral Health

Location

Irvine, California, United States

About

Discovery Behavioral Health operates treatment centers across the United States and provides the highest quality of care available. Discovery Behavioral Health offers mental health, eating disorder, and addiction services in a continuum of care including outpatient, intensive outpatient, partial hospitalization/day treatment, residential treatment, and inpatient detox. Discovery Behavioral Health specializes in helping children, teens, and adults suffering from mood and anxiety disorders, substance use and addiction, self-harm, attachment, and eating disorders. Discovery treatment teams are comprised of national experts in the fields of substance use and addiction, eating disorders, mood and anxiety disorders, self-harm and attachment.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed