Private equity firm Clearview Capital has agreed to exit US behavioural healthcare provider Advantage Behavioral Health (ABH) in a transaction financed through the municipal bond market, according to a report by Bloomberg.
The Connecticut-based buyout firm is selling the New Jersey-headquartered operator of mental health centres and sober-living facilities to nonprofit organisation QCF/I, Inc., which is funding the acquisition through a planned $610 million non-rated municipal bond issuance.
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