BrightView buys Aspire
BrightView Health has struck a deal to acquire Aspire, a substance use disorder (SUD) treatment provider in Chesapeake, Virginia. Financial terms of the transaction were not made public.
Headquartered in Cincinnati, BrightView operates 39 SUD treatment clinics across Virginia, Ohio, Kentucky and Delaware. The comprehensive addiction treatment provider accepts Medicaid, Medicare and other commercial insurances and is backed by the health care-focused private equity firm Shore Capital Partners.
Like Brightview, Aspire offers medication-assisted treatment (MAT), individual and group counseling, peer recovery support and wraparound social support services.
In addition to acquiring Aspire, BrightView recently opened a new clinic in Henderson, Kentucky.
BayMark acquires New Day Recovery
BayMark Health Services has broken into the Louisiana residential SUD treatment market with the purchase of New Day Recovery.
Terms of the transaction were not disclosed.
One of the nation’s largest MAT companies, BayMark is headquartered in Lewisville, Texas. It has over 250 clinics across the US and Canada, offering outpatient care, residential treatment, detox services and office-based opioid treatment programs. BayMark is owned by Webster Equity Partners.
Meanwhile, New Day Recovery operates two campuses in northern Louisiana — one in its homebase of West Monroe and another in Shreveport. It provides residential programming, intensive outpatient programming (IOP), detox services, MAT, counseling and therapy.
Broadstep purchases I/DD operator
Broadstep Behavioral Health — a behavioral health provider that specializes in serving people with intellectual and developmental disorders (I/DD), mental illnesses and co-occurring disorders — has acquired the residential and support programs of Bethesda Lutheran Communities (BLC) in Illinois, Indiana, and Wisconsin.
Terms of the deal were not released.
Headquartered in Watertown, Wisconsin, BLC is a nonprofit that provides support and services to individuals with I/DD. BLC’s assists individuals through community-based homes, day programs, at-home life-skills development, job placement and behavioral support. It operates hundreds of programs across 13 states.
The deal expands Raleigh, North Carolina-based Broadstep’s reach in the Midwest. Along with locations in Wisconsin, Illinois, Indiana and Nebraska, Broadstep also operates in North Carolina, New Jersey and South Carolina.
Broadstep is a portfolio company of Bain Capital’s Double Impact Fund.
SUD program joins Windrose
Brookfield, Wisconsin-based Windrose Recovery, an operator of SUD treatment programs throughout the Midwest, is adding to its family of programs.
The Chicago-based Positive Sobriety Institute (PSI) — which provides SUD treatment to individuals with career and family obligations — is now part of Windrose.
Details about the arrangement were not disclosed.
PSI provides IOP and partial hospitalization programming (PHP) to professionals such as lawyers, business executives and health care workers. PSI is located on the campus of the Feinberg School of Medicine at Northwestern University.
PSI is the first addition to Windrose’s family of programs outside of its home state. Windrose’s other programs include The Manor, Midwest Detox and Windrose Counseling, all of which are located in southeastern Wisconsin.