Private equity-backed addiction treatment provider BRC Healthcare has closed down its operations The Manor, Texas-based organizations shuttered on Jan. 15. The company and its investors have not responded to several requests for comment. BRC Healthcare’s closure announcement says its sober living brand, Segue Recovery, will continue to operate under new ownership but doesn’t detail the […]
BRC Healthcare is entering the Nashville, Tennessee market with the acquisition of four affiliated facilities for an undisclosed amount. The four locations include Nashville Recovery Center (NRC), NRC Clinical, Nashville Detox Center and Tennessee Recovery Clinic. Co-founders Ryan Cain and Darren Hobbs established the four companies in 2018 and are coming aboard BRC in management […]
Caron Treatment Centers CEO-elect assumes role Brad Sorte has officially taken over the reins of Caron Treatment Centers, assuming the positions of president and CEO after being named to the roles last December. He assumed duties from retired president and CEO Brad Tieman, who was with Wernersville, Pennsylvania-based Caron for more than 25 years. Tieman […]
Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]
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