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Consonance Capital recapitalizes Psychiatric Medical

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Consonance Capital recapitalizes Psychiatric Medical

Private equity firm Consonance Capital Partners LP closed the recapitalization of Psychiatric Medical Care LLC to accelerate the expansion of its offerings and services.

Consonance partnered with Nashville, Tenn.-based Psychiatric Medical's management team on the transaction.

New York-based Consonance did not disclose the financial details of the recapitalization.

Latham & Watkins LLP and Bass, Berry & Sims PLC were the advisers for Consonance while Psychiatric Medical was advised by Brentwood Capital Advisors LLC and Waller Lansden Dortch & Davis LLP.

Psychiatric Medical operates inpatient psychiatry units and outpatient programs in over 20 states.