News Summary
Bradford Health Services has acquired three addiction treatment facilities in Texas—Last Resort Recovery Center, Crestone Wellness, and The Chapter House. This expansion increases their capacity and resources to address the growing demand for addiction recovery programs in the state. The acquisition boosts Bradford’s total facilities to 31 and aims to enhance the variety of treatment options available to individuals seeking recovery. Emphasizing a strategic growth approach, Bradford’s investments in facilities reflect a commitment to improving addiction treatment standards across Texas.
Bradford Health Services Expands Texas Network: A Boost in Addiction Treatment Facilities
In a significant move for Texas addiction treatment, Bradford Health Services has announced the acquisition of three facilities: the Last Resort Recovery Center, Crestone Wellness, and The Chapter House. This expansion is expected to enhance Bradford’s foothold in the Lone Star State, enhancing resources to meet the growing demand for addiction recovery programs.
A Sweet Deal for Texas
The acquisition, which was made public on Wednesday, marks an important milestone for Bradford, which is actively pursuing growth across Texas. Previously under the stewardship of a trust led by Bill and Ann Schneider, these facilities come equipped with a collective capacity of 160 beds. This includes 103 beds specifically designated for residential and detox treatment. The balance of the bed offerings features partial hospitalization programs (PHP) and sober living arrangements, designed to cater to the diverse needs of individuals seeking recovery.
With this latest acquisition, Bradford’s total count of facilities has surged to an impressive 31 locations. It is evident that the organization is keen on providing a variety of treatment options to those grappling with addiction, making pathways to recovery more accessible.
Understanding the Facilities
Highlighting the diversity of services, the Last Resort Recovery Center, which was established in 2021, supports a men-only campus. This facility provides a comprehensive spectrum of programs, including medical detox, residential treatment, PHP, and even a virtual intensive outpatient program (IOP). Patients can expect lengths of stay ranging from 45 to 90 days—a structured environment aimed at fostering long-term recovery.
On the other hand, the co-ed campus offers a slightly shorter treatment expectancy, typically around 21 days, allowing a swift yet thorough approach to rehabilitation. Meanwhile, The Chapter House specializes in longer-term extended care and sober living, particularly catering to men—a vital aspect of the service portfolio proudly offered by Bradford.
Strategic Growth with a Vision
The financial details surrounding this acquisition remain undisclosed, but the intentions are crystal clear. Backed by Lee Equity, a private equity firm focusing on middle-market acquisitions, Bradford is not just casually cruising into Texas; they have a strategy that aligns with supporting top-tier operational performance. This is apparent not just in the Texas acquisitions but also in past moves, such as the takeover of Lakeview Health in September 2024 and facilities in Southaven, Mississippi.
Plans are in motion to construct a state-of-the-art $25 million, 100-bed facility in Southaven, further underscoring their commitment to elevating the standard of care in addiction treatment.
Future Outlook
As the addiction treatment landscape becomes increasingly competitive, the company has identified opportunities for strategic acquisitions that uphold its mission and values. There’s a growing expectation that by the time Bradford goes through its next recapitalization phase, its number of available beds could potentially double.
Yet, the ethos here is not about creating a vast empire. Instead, the focus is on finding those underperforming assets that can benefit from Bradford’s operational expertise and financial backing. While the acquired facilities are expected to explore cross-referral potential, they will continue to operate independently—an important aspect to maintain quality and individualized care.
In summary, with the acquisition of these three facilities, Bradford Health Services is set to make a notable impact on the addiction recovery journey for many Texans. The commitment to enhancing treatment options and providing much-needed services makes this an exciting development for the community. As the story unfolds, it will be interesting to see how this healthcare transformation shapes the landscape of addiction treatment in Texas.
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