Pyramid Healthcare adds second N.C.-based health care facility

By Kevin Zimmerman

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Clearview Capital Fund II’s portfolio company Pyramid Healthcare Inc. has completed its acquisition of Real Recovery of Asheville (N.C.) Inc., which provides sober living accommodations for men aged 18-28 who are transitioning from substance abuse recovery to independence.

The deal is Old Greenwich-based Pyramid’s fifth add-on acquisition under Fund II’s ownership and its second in North Carolina; it joins Asheville’s October Road Inc., a Pyramid treatment facility that provides outpatient addiction and mental health treatment services.

“The acquisition of Real Recovery is a continuation of our strategy to augment Pyramid’s rapid organic growth with strategic acquisitions,” said Matt Blevins, principal of Clearview Capital. He added that the company plans to complete other acquisitions in its core states of Pennsylvania, New Jersey and North Carolina, as well as in new territories.

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