Cimarron Healthcare Capital has announced it has completed its acquisition of Ascent Behavioral Health.
Ascent operates several adolescent behavioral health programs throughout Utah.
Cimarron, based in Bala Cynwyd, Pa., is focused on healthcare investments in the lower middle market. The firm prefers to make more substantial investments in healthcare services and technology companies.
Cimarron indicated that its investment would go toward supporting expansion of Ascent’s programs and potential acquisitions of complementary programs.
Terms of the transaction were not disclosed.