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Tapestry deal fits in Pyramid’s growth plan

July 07, 2017

Pyramid Healthcare, which operates facilities in three states, has acquired Tapestry Eating Disorder Services of Western North Carolina. The deal adds two locations—an adolescent day treatment program and a women’s residential program—to the Pyramid portfolio.

“We have several eating disorder outpatients within our system under the Seeds of Hope brand and our outpatient services in New Jersey and Pennsylvania, and we’re expanding those services,” says Jason Hendricks, chief operating officer for Pyramid. “It was an opportunity to bring on a great company with a great reputation and also expand our continuum into eating disorder residential services.”

Tapestry founder and CEO Tina Nowak will remain with the organization to lead the brand.

Hendricks tells Behavioral Healthcare Executive that the deal fits with the larger plan to grow eating disorder capabilities and also to expand within the North Carolina area. Pyramid has made several acquisitions in the state previously, including October Road, and in February opened Silver Ridge, a high-end residential program for older adults.

For the future, Hendricks says Pyramid is open to expansion into other states through strategic acquisitions that fit with the organization’s values and vision. There are several new builds in the pipeline as well, including a large residential treatment center in northeastern Pennsylvania. Owned by Clearview Capital, Pyramid has more than 80 behavioral health facilities covering the full continuum of care, including detox and sober living.

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