Private investment firms Veronis Suhler Stevenson (“VSS”) and NewSpring Health Capital, NewSpring’s dedicated healthcare strategy, today announced the completion of an investment in BRC Recovery Family of Programs (“BRC” or “the Company”), a nationally-recognized provider of addiction treatment services, and the formation of BRC Healthcare. The new entity serves as the holding company for the BRC Recovery Family of Programs and future acquisitions. Financial terms of the private transaction were not disclosed. Headquartered in Austin, Texas, BRC provides individualized, gender specific treatments to adults (aged 17+) with substance use disorders such as alcoholism, drug dependence and other addiction disorders. Founded in 2006, the Company offers the full continuum of care from detox and intensive outpatient services to residential treatment to sober living, through its four high-quality clinical programs – BRC Recovery, Spearhead Lodge, Makana Path and Segue Recovery.
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Source: https://www.businesswire.com/news/home/20200409005155/en/VSS-NewSpring-Complete-Investment-BRC-Recovery-Announce