VSS and NewSpring Complete Investment in BRC Recovery, Announce Formation of BRC Healthcare
04/09/20, 1:06 PM
Location
Industry
angel investment
financial services
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.
Company Info
Location
radnor, pennsylvania, united states
Additional Info
NewSpring Holdings is a majority investment strategy focused on platform builds within the NewSpring Capital family of private equity funds. They have executed nearly 50 acquisitions and their Industry Leader Approach is a hallmark of their platform build strategy.