BrentCare Behavioral Health Acquires Modern Recovery Network

Modern Recovery Acquires SpringBoard Recovery

April 1, 2022

Healthcare Services

Modern Recovery (launching the Modern Recovery Network) has acquired SpringBoard Recovery, an established drug and alcohol rehabilitation facility in Scottsdale, Arizona. The acquisition expands Modern Recovery's behavioral-health footprint and creates an integrated platform offering inpatient and outpatient addiction and mental-health services, telehealth, mobile support and referral integration across sister companies.

The IMA Group Acquires Medical Research Network (MRN) LLC

July 22, 2025

Healthcare Services

The IMA Group has acquired Medical Research Network (MRN) LLC, a New York City–based clinical research site specializing in psychiatry and neurology (CNS) trials. MRN will continue to operate under its current name and leadership (founder and CEO Dr. Michael R. Liebowitz), and the deal expands IMA's CNS footprint with its first East Coast CNS-dedicated location.

BRC Healthcare Acquires Four Nashville Substance Abuse Treatment Facilities

July 13, 2021

Healthcare Services

BRC Healthcare, a Texas-based provider of addiction treatment services, has acquired four Nashville-area substance abuse treatment businesses — Nashville Recovery Center, NRC Clinical, Nashville Detox Center and Tennessee Recovery Clinic. The transaction brings a full continuum of care to BRC's portfolio as the company plans to expand treatment bed capacity and outpatient services in the Nashville market; founders Ryan Cain and Darren Hobbs will remain in management roles.

BayMark Health Services Acquires Granite Recovery Centers

December 21, 2021

Healthcare Services

BayMark Health Services, a large provider of substance use disorder treatment, has acquired Granite Recovery Centers, adding residential treatment facilities and sober living homes in southern New Hampshire to its continuum of care. The acquisition expands BayMark’s residential treatment capabilities and geographic footprint in New England.

Aurora Health Acquires Cornerstone Treatment Facilities Network

December 19, 2022

Healthcare Services

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

Meridian Behavioral Health Acquires Gateway Recovery Center

January 29, 2025

Healthcare Services

Meridian Behavioral Health, a Renovus Capital-owned SUD treatment provider headquartered in New Brighton, Minnesota, has acquired Gateway Recovery Center, a two-facility inpatient detox provider in Inver Grove Heights and Brooklyn Park, Minnesota. The acquisition adds medical detox capability to Meridian's continuum of care and is part of Meridian's broader roll-up strategy to expand services and capabilities across Minnesota.