FFL Partners and Two Sigma Impact Acquire Majority Ownership of Community Medical Services
Summary
SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--FFL Partners (“FFL”), a private equity firm focused on growth investments in middle market companies, and Two Sigma Impact, the impact investing business of Two Sigma, today announced that they have acquired a majority ownership of Community Medical Services (“CMS” or “the Company”), a high growth and market-leading Opioid Treatment Program provider. Headquartered in Scottsdale, Arizona, CMS operates more than 45 clinics in 9 states that provide high-efficacy opioid use disorder (“OUD”) treatment, while reducing the stigma associated with it. “FFL, with its reputation for operational excellence in the behavioral health space, combined with Two Sigma Impact’s emphasis on data science and workforce development, made them the ideal partners as we take the next step in our growth vision for CMS,” said Nick Stavros, CEO of Community Medical Services. “Behavioral healthcare is a long-time focus of FFL’s SEED process to identify sub-sectors where we can add the greatest value, and we look forward to applying this experience to drive CMS’ growth while maintaining the highest standards of patient care.” “Nick and his management team have done an excellent job in building the CMS platform and we are excited to be partnering with FFL to help the company continue to execute on their mission of providing compassionate addiction treatment to the increasing number of people who suffer from substance abuse,” said Geoff Lieberthal, Partner at Two Sigma Impact. CMS opened the nation’s first 24/7 Opioid Treatment on Demand (OTOD) center in Phoenix and has since gone on to expand the model to Columbus, Ohio and West Allis, Wisconsin.