Private equity firm Bregal Partners has acquired ReMed Recovery Care Centers LLC as the first add on acquisition to US Community Behavioral LLC.
ReMed, headquartered in Paoli, Pa., provides brain injury rehabilitation services. Terms of the deal were not disclosed. The company will become a division of US Community Behavioral, which provides community-based residential and behavioral services to adults and children with intellectual and developmental disabilities.
Bregal acquired US Community Behavioral as a platform investment in the sector in September. The firm plans to continue making add on acquisitions, according to Robert Bergmann, Bregal’s co-founder.
“I would expect that the company would at least double in size over the next five years,” Bergmann says.
New York-based Bregal generally makes investments between $25 million and $75 million in the consumer, food, retail and health care sectors. In August, the firm picked up OmniForce LLC, which produces fundraising events.