---
title: Covington Associates Advises in Recapitalization of Walden Behavioral
description: Covington advises Walden Behavioral Care, a privately held behavioral health organization, on a Preferred Stock investment led by Seacoast Capital
image: https://www.covllc.com/hubfs/Walden-2019-.jpg
---

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### Covington Associates Announces Advisory Role in the Sale of United Rheumatology to Specialty Networks

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Nov 21, 2020 2:45:00 AM |  

[Covington Associates](https://www.covllc.com/blog/tag/covington-associates)

# Covington Associates Announces Advisory Role in the Recapitalization of Walden Behavioral Care by Seacoast Capital

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**September 2019 (Boston, MA)** – Covington Associates, a leading middle market investment bank announced its role as financial advisor to Walden Behavioral Care, a privately held behavioral health organization that treats eating disorders and psychiatric disorders, on a Preferred Stock investment led by Seacoast Capital.

##### **About Covington Associates**

Covington Associates is a leading middle market investment banking firm offering advisory services in the areas of M&A, capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals.  Covington’s mission has remained unchanged since its founding in 1991 – provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization.  Since its inception, Covington Associates has completed more than 300 transactions globally for both private and publicly traded companies totaling over $17 billion. Further information about Covington Associates can be found at [http://www.covingtonassociates.com/overview](http://www.covingtonassociates.com/overview).

 

##### Covington Associates Announces Advisory Role in the Sale of HMC Healthworks to IBH Population Health Solutions [Next](https://www.covllc.com/blog/covington-associates-announces-advisory-role-in-the-sale-of-hmc-healthworks-to-ibh-population-health-solutions)

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