New York City-based Lee Equity Partners has announced a deal for Bradford Health Services LLC, establishing its presence in the Behavioral Health Care market.
Based in Birmingham, Alabama, Bradford Health is a substance abuse treatment and recovery services provider. Through a network of 40 facilities, Bradford Health offers treatment services across the entire spectrum of acuity, including early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox and transitional living and life skills programming.
Lee Equity Partners is purchasing Bradford Health from Centre Partners Management LLC, which invested in Bradford Health in 2016 for an undisclosed sum. Centre Partners will maintain an ongoing equity stake in Bradford Health.
Fifth Third and Comvest provided financing for the Lee Equity Partners’ acquisition of Bradford Health. McDermott Will & Emery acted as legal counsel to Lee Equity. Harris Williams and Coker Capital served as advisors and Dechert LLP and Burr Forman LLP acted as legal counsel to Bradford Health.
