December 22, 2006

Celerity Partners and Dr. Ken Kessler Form Pinnacle Treatment Centers, Inc. and Acquire Two Companies


Celerity Partners and Dr. Ken Kessler form Pinnacle Treatment Centers, Inc. and acquire two companies

Los Angeles, CA – December 22nd, 2006- Celerity Partners, Inc. announces the simultaneous formation of Pinnacle Treatment Centers, Inc. (Pinnacle) with the acquisitions of Alliance Medical Services, Inc. and Summit Medical Services, Inc.

Pinnacle was formed by Dr. Ken Kessler and Celerity to pursue a buy and build strategy in the addiction treatment services industry. Dr. Kessler is Pinnacle’s Chairman and CEO. He has 35 years of experience building scale healthcare services companies.

Matt Kraus, a Celerity partner, stated: “We are thrilled to partner with Ken and acquire Alliance Medical Services and Summit Medical Services. The two acquisitions provide an excellent springboard to pursue a build-up in the underserved addiction treatment services industry. Pinnacle will drive growth through a combination of acquisitions and new site developments. We look forward to becoming a market leader over the next several years.”

Celerity Partners is a private equity fund whose objective is to build businesses, in partnership with management, to preeminence in their perspective markets. Since its inception in September 1995, Celerity has invested in 60 companies with an aggregate transaction value in excess of $2.7 billion. Celerity currently manages approximately $200 million of equity capital and has offices in Los Angeles and Menlo Park, CA.

Pinnacle seeks additional acquisition opportunities of addiction treatment service providers. For further information on the benefits of working with Pinnacle, please contact Matt Kraus via e-mail ( or telephone (310-268-1710).