Bass Berry Backs HCP In Polaris Hospital Growth Buy

Law360, New York (November 29, 2011, 2:18 PM EST) -- Middle-market private equity firm HCP & Co. has delved into the health care sector by taking a controlling stake in Polaris Hospital Co. LLC, a hospital acquisition and development firm, HCP said Tuesday, without disclosing the amount of the investment.

Brentwood, Tenn.-based Polaris, founded by CEO and Board Chairman Kevin D. Lee in 2007, specializes in facilities that provide behavioral health, physical medicine and rehabilitation services.

"HCP has been searching for a platform to capitalize on the increasing demand for behavioral health services and the lack...
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