Formation Capital and Safanad Limited announced on Monday the sale of the parent company of RHA Health Services, which provides services to individuals with intellectual and developmental disabilities, behavioral health needs and substance use challenges, to an affiliate of Blue Wolf Capital.
RHA serves 25,000 patients per year at 440 locations across Georgia, Florida, North Carolina and Tennessee. RHA homes coordinate health and provide habilitative services and training for adults and children with developmental disabilities. The company’s behavioral health segment operates clinics and outpatient facilities, and provides education services.
RHA was acquired in 2015 by Formation and Safanad, which helped the North Carolina-based company to expand its footprint in the Southeast.