Finance news. My opinion.

Trinity Hunt Partners, a Dallas-based private equity firm, has bought St. Louis-based Castlewood Treatment Center, an acute eating disorder treatment services facility, the firm said Wednesday.

Trinity Hunt partnered with Mark Schwartz and Lori Galperin, directors of Castlewood, to expand the treatment center, which has a waiting list of more than double its capacity of ten patients.

Trinity Hunt declined to disclose how much the acquisition cost, but the firm specializes in buying middle-market companies with enterprise values between $15 million and $150 million in the health-care, business services, niche manufacturing, aerospace services, media and consumer products industries, according to the company.

Trinity Hunt's investment in Castlewood, which employs 35 people, represents the firm's entrance into behavioral health services, making a $25 million commitment to this strategy. Trinity Hunt does not plan to lay off any workers, said Elizabeth Cornelius, a spokeswoman for the firm.

"The partnership with Trinity Hunt will provide the expansion and development of Castlewood's program, which focuses on intensive treatment for clients with acute physical and psychological conditions," Galperin said in a statement no fax payday loan.

"The eating disorder and trauma sectors are currently underserved by the health-care industry," Schwartz said in a statement. "Looking forward, we plan to open similar facilities in areas of the country with the greatest need to help improve quality of care for those suffering from eating disorders."

Located on 15 acres surrounded by a state park in suburban St. Louis, Castlewood offers a continuum of care for anorexics and bulimics through residential treatment, day treatment and intensive outpatient services.