VSS and NewSpring Invest in BRC Recovery and Form BRC Healthcare
April 9, 2020
Private equity firms Veronis Suhler Stevenson (VSS) and NewSpring Health Capital completed an investment in BRC Recovery Family of Programs and helped form a new holding company, BRC Healthcare, to serve as the platform for the BRC programs and future acquisitions. Headquartered in Austin, Texas, BRC provides residential and outpatient addiction treatment and sober living services; founder Marsha Stone remains with the company and will continue in a leadership role. Financial terms were not disclosed.
- Targets
- BRC Recovery Family of Programs (BRC Recovery)
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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