Announced
Completed
Financials
Sources
Tags
Private
Completed
Private Equity
United States
treatment of addictions
Majority
Friendly
Health Care Facilities
Acquisition
Single Bidder
Mbo
Synopsis
Private investment firms Veronis Suhler Stevenson and NewSpring Health Capital completed the investment in BRC Recovery, a provider of addiction treatment services. Financial terms were not disclosed. "BRC has an excellent reputation for its outstanding treatment programs, talented staff and its ability to generate consistently positive patient outcomes. Together with NewSpring, we look forward to empowering BRC with the resources it needs to advance its high-quality continuum of care and pursue potential acquisitions of complementary programs in communities where demand for established behavioral health programs continues to grow," Jeffrey Stevenson, VSS Managing Partner.
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