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Perimeter Healthcare Makes Third Acquisition in Seven Months

May 07, 2019

Perimeter Healthcare, a behavioral healthcare company backed by Ridgemont Equity Partners, on Tuesday announced the acquisition of a pair of 116-bed inpatient psychiatric hospitals in the Dallas-Ft. Worth, Texas, area.

The two properties will re-open later this year as Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas, providing inpatient care for children, adolescents, adults and seniors with acute mental and behavioral health challenges.

The deal marks Perimeter’s third acquisition in seven months, following a deal for Springfield (Missouri) Behavioral Hospital in October 2018 and Lake Pines Hospital in Kenner, Louisiana, which will operate as Perimeter Behavioral Hospital of New Orleans. Perimeter said it plans to expand the New Orleans facility, which currently has 36 beds.

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