Deerfield
About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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Investment

Supporting companies across the healthcare ecosystem with flexible funding models…

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Information

Delivering market research to the Deerfield team, its portfolio companies and other partners.

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Philanthropy

A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Research Collaborations

Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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Strategic Partners

As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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Deerfield Foundation

The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure Campus

Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure Programming

Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

Cure Symposium Calendar

Deerfield Announces Partnership with Recovery Centers of America

Deerfield Announces a Partnership with Recovery Centers of America and Provides $231.5 Million in Start-up Financing

NEW YORK, NY – December 14, 2015 – Deerfield Management Company, L.P. announces a partnership with Recovery Centers of America (RCA) to build a leading addiction and behavioral healthcare treatment company. Deerfield has committed $231.5 million to fund the development or purchase of eight treatment campuses in the Northeast United States that will provide a comprehensive continuum of integrated care.

RCA was founded to transform addiction and behavioral treatment by emphasizing clinically validated treatment approaches delivered in supportive environments designed to incorporate regular involvement by family and friends. This is a revolutionary change from today’s care paradigm that too frequently relies on a patient leaving their community for treatment, which separates them from their support network and exposes them to needless gaps in care as they transition back to lower settings of care. The management team’s unique blend of real estate, clinical, operational and marketing expertise provides an experienced platform for delivering on this vision.

Deerfield’s capital commitment will enable RCA to purchase or develop at least eight integrated campuses that will include an estimated 1,200 inpatient beds by the end of 2017. The financing is structured on a milestone basis that allows RCA to move forward in a meaningful fashion with access to capital at needed junctures along its development path.

“We are excited to have Deerfield as our partner in building a solution to help alleviate the domestic epidemic that is gripping our nation,” stated Brian O’Neill, founder and CEO of Recovery Centers of America. “Deerfield has proven to be an exceptional partner in launching our company, serving as both a creative source of capital as well as a trusted adviser helping us to refine our operational and growth strategy.”

“Finding a solution for the exploding number of individuals racked by addiction is a healthcare imperative that we are passionate about, and we quickly recognized RCA as an innovative organization with the potential to change the progression and trajectory of this crisis. We believe that RCA is uniquely suited for delivering tangible benefits to patients, families and payors alike, and we are enthusiastic about the opportunity to deploy our capital and supportive services to help build these capabilities,” said Leslie Henshaw, Partner at Deerfield Management.

About RCA

Based in King of Prussia, PA, Recovery Centers of America is committed to advocating for some 22.7 million Americans suffering from behavioral health and substance use disorders. The company, which is opening treatment centers throughout the Northeast, is transforming the way treatment is delivered in an industry in desperate need of change. Recovery Centers of America’s neighborhood-based Centers for Addiction Medicine are designed based on the latest scientific research that indicates sustained recovery is more likely when patients stay connected to and supported by family and friends, while building other, on going support networks. By allowing patients to receive treatment in an atmosphere more akin to a college campus with Starbucks-like appeal, Recovery Centers of America helps overcome the stigma of addiction and its treatment, which is essential to meaningful recovery.

For more information visit www.recoverycentersofamerica.com

About Deerfield

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.For more information, please visit www.deerfield.com

Contacts

Deerfield Management Company
Karen Heidelberger, 212-692-7140
[email protected]