Foley Hoag Represents US HealthVest in $50 Million Series B Funding
July 18, 2016
Foley Hoag LLP recently represented US HealthVest, LLC (USHV), a developer and operator of behavioral health facilities, in its $50 million Series B funding round. The funding will be used to expand USHV’s behavioral healthcare services through acquisitions of operating facilities and de novo opportunities, and assist with optimal debt structuring for on-going construction projects.
Founded in 2013, USHV is a leading provider of behavioral healthcare services that operates Chicago Behavioral Hospital and is developing hospitals near Atlanta and Seattle. Across its facilities, USHV provides inpatient, partial hospitalization, intensive outpatient, medication management, residential treatment and academic programs for adults and adolescents.
The funding was led by Oak HC/FT, which joins founding investors Polaris Partners, F-Prime Capital Partners and USHV founder Richard A. Kresch, M.D.
Foley Hoag partner Robert Birnbaum represented USHV in the transaction, with assistance from associates Anderson Chang and Amanda Vendig.
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