A new investment fund focused on luxury rehab – a corner of the addiction treatment space that has seen little interest over the past couple years – has launched with $85 million in capital, reports Behavioral Health Business.
It has already made its first acquisition as well, landing an upscale Hawaii rehab center for an undisclosed sum.
Dubbed “Behavioral Health Acquisitions,” the fund is led by father-and-son team Dr. David Nesenoff and Adam Nesenoff. The pair currently own luxury rehab Tikvah Lake, which is based in Sebring, Florida, and they plan to use the funds to grow their arsenal of upscale rehab centers. Tikvah Lake is a private-pay facility with six beds. Read more.
