Announced
Financials
Sources
Tags
Acquisition
United States
Medical Services
Private Equity
treatment of addictions
Private
Synopsis
Private equity firm Bridges Fund Management invested in opioid treatment program provider Sunrise Treatment Holdings. Sunrise provides medication-assisted treatment and behavioral counseling programs to individuals suffering from opioid use disorder, treating patients through five clinics in Ohio. Financial terms were not disclosed. Ed Niemczyk, Investment Director at Bridges, commented: “Opioid addiction in the US continues to grow, keeping a segment of the population in a cycle of dependence, pain and at risk of overdose. Access to high quality medication-assisted treatment combined with comprehensive counseling services offers a lifeline to individuals seeking to manage their recovery. These services, however, have not been widely accessible, particularly in Ohio, where the acuity of the epidemic has been alarming. We are thrilled to partner with Dr. Bill and the Sunrise team as it seeks to become an increasing part of the solution in the region.”
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