PELOTON CAPITAL MANAGEMENT CONTINUES TO STRENGTHEN PORTFOLIO WITH INVESTMENT IN EHN CANADA
Toronto – April 19, 2021 – Peloton Capital Management (PCM) today announced an investment in Edgewood Health Network (EHN) Canada, a national provider of inpatient and outpatient mental health and addiction services. Capital provided by PCM will aid in EHN’s continued expansion across Canada through the acquisition and development of several private mental health facilities. In addition, it will support the growth of EHN Online, a comprehensive online outpatient mental health and addiction treatment clinic. Terms of the transaction were not disclosed.
“We are thrilled to be steadily growing our portfolio, as our partnership with EHN Canada marks the fifth investment in our inaugural fund,” said Mike Murray, Managing Partner of PCM. “In addition, we believe that partnering with an exceptional organization providing mental health and addiction services is particularly timely and relevant in the current social climate. We are looking forward to supporting the EHN team in the long term growth and expansion of treatment centres across Canada as well as in building out an online outpatient offering that will allow EHN to reach a broader group of people in need of treatment across the country.”
“This next phase of our growth is hugely important for EHN Canada, and for all Canadians struggling with mental health and addiction,” said Joe Manget, Chair and CEO of EHN Canada. “PCM brings health care experience and capital, but more importantly shares our values. Together, we can make a real difference in the lives of many Canadians. We look forward to collaborating with PCM to make high quality mental health and addiction treatment more affordable and accessible for all. There is so much to do in this space, and we are delighted to have such a strong and trusted partner.”
About EHN Canada
EHN Canada is the sole national provider of mental health and addiction services. With five best-in-class inpatient facilities, seven EHN outpatient clinics and multiple affiliate outpatient clinics, the company offers treatment across the full spectrum and continuum of care with the vision of building hope, restoring families and improving communities. EHN provides additional services through its digital platform, EHN Online, an intensive outpatient online program which is supported by an industry-leading mobile application, clinical oversight, and video capabilities. For more information please visit: www.edgewoodhealthnetwork.com.
About Peloton Capital Management
Peloton Capital Management is a private equity firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for our investors. PCM’s primary focus is investing in services businesses within the Healthcare, Financial and Consumer verticals in North America. Headquartered in Toronto, Canada, PCM was founded and is led by a team with extensive private equity experience. For more information please visit: www.pelotoncapitalmanagement.com.