Minneapolis, Minnesota, May 3, 2018 – Quarton International is pleased to announce that Community Medical Services, LLC (“CMS” or the “Company”) has been recapitalized by Clearview Capital Fund III, L.P., an affiliate of Clearview Capital, LLC (collectively, “Clearview”). Quarton International acted as the exclusive investment banking advisor to the Company.
CMS is a rapidly growing provider of medication-assisted treatment (“MAT”) programs for patients suffering from opioid use disorder. The Company operates 14 facilities across four states and services over 4,000 patients. CMS’s programs include the nation’s first 24-hour opioid treatment program (“OTP”), which enables patients to receive treatment anytime of the day, any day of the week. Clearview partnered with management to acquire the business from its inactive majority owners. Nick Stavros, the Company’s CEO, will continue to lead the management team and maintained a significant ownership position in the Company.
Community Medical Services, LLC is a CARF–accredited substance use disorder treatment program providing services in the form of outpatient medication-assisted treatment and private one–on–one and group counseling, Intensive Out-Patient therapy (IOP) and Moral Reconation Therapy (MRT) to those seeking help with their substance use disorders. CMS is headquartered in Arizona and has a total of 14 clinics throughout the United States.
Clearview Capital, LLC is a private investment firm specializing in the acquisition and recapitalization of North American companies with operating profits of $3 – $15 million. The firm has a long track record of completing transactions and creating and realizing value in portfolio companies. As a team, the firm’s investment professionals have completed nearly 100 transactions in a wide variety of industries.
"CMS has distinguished itself as a clear leader in the MAT field, and Nick and the CMS team have done a tremendous job laying the groundwork over the last several years to support continued growth," said Matt Blevins
Principal of Clearview Capital
“Our team is thrilled to partner with Clearview Capital to further accelerate our growth trajectory and we are incredibly grateful to have had Mark Horvick and his team to help navigate us towards the best investment partner. Clearview has established a successful track record in healthcare services, while maintaining a strict commitment to providing first-class patient care, which perfectly aligns with our company's mission and core values. We look forward to investing in our infrastructure, technology, people and communities to continue our goal of expanding treatment access to as many individuals and families as possible," said Mr. Stavros.
CEO of Community Medical Services, LLC
December 20, 2018
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