HPS Investment Partners has agreed to take majority control of Discovery Behavioral Health, a behavioral‑health operator headquartered in Irvine, California. The acquisition, valued at an undisclosed sum, will allow HPS to leverage its capital to expand service capacity and geographic reach. The transaction reflects growing investor appetite for specialty health‑care assets.

Discovery Behavioral Health runs more than 100 programs in 12 states, treating mental health, eating disorders, and substance‑use disorders for children, adolescents and adults. The deal will deepen HPS’s portfolio in a market that has seen steady demand for integrated behavioral‑health solutions.

Pete Clarke, formerly of DaVita and Fresenius Medical Care, has been named CEO of Discovery. Under HPS’s ownership, Discovery plans to invest in technology platforms that integrate behavioral health data with primary care, aiming to streamline care coordination and improve patient outcomes.

The transaction underscores the broader trend of private‑equity firms consolidating behavioral‑health providers to meet rising demand for comprehensive care. Investors will watch how HPS leverages its resources to scale Discovery’s proven treatment models.