August 11, 2009

Pinnacle Treatment Centers, Inc. acquires Health Masters, Inc.


Pinnacle Treatment Centers, Inc. acquires Health Masters, Inc.

Los Angeles, CA – August 11th, 2009- Pinnacle Treatment Centers, Inc. (Pinnacle), a Celerity Partners, Inc. portfolio company, announced today the acquisition of Health Masters, Inc.

Dr. Ken Kessler, Pinnacle’s CEO, stated, “Health Masters is an excellent addition to our Pennsylvania footprint, a core Pinnacle market. We expect Health Masters to greatly expand its patient treatment capability under our ownership.”

Matt Kraus, a Celerity partner, added, “Health Masters is a welcomed addition to our growing group of outpatient clinics. The acquisition complements Pinnacle’s strong organic growth trajectory in the face of severe economic conditions.”

Pinnacle was formed in 2006 by Dr. Ken Kessler and Celerity to acquire and develop addiction treatment programs. Pinnacle currently has locations in Pennsylvania and New Jersey and seeks to expand its footprint across the region. Pinnacle’s CEO and significant shareholder, Dr. Ken Kessler, has 35 years of experience building healthcare services companies.

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. You may visit for additional information on Celerity.

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).