Bradford Health Services announced its recent acquisition of Vertava Health of Mississippi. This strategic move marks a significant expansion of Bradford Health Services’ presence in the Southeast.
Vertava Health of Mississippi is a comprehensive provider of addiction treatment and mental health services. The company is a resource for individuals in the North Mississippi and Memphis areas seeking comprehensive and compassionate care for substance use issues.
Bradford Health Services provides early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox and transitional living and life skills programming through a coordinated network of 40 facilities throughout the Southeast. Bradford Health Services was acquired by private equity firm Lee Equity Partners from Centre Partners in October 2022.
McDermott Will & Emery provided legal counsel to Bradford Health Services. Piper Sandler served as exclusive financial advisor, and Kirkland & Ellis LLP acted as legal counsel, to Vertava Health. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 69th Behavioral Health Care acquisition of 2023, and the 21st in the substance use disorder specialty. Last year, Bradford Health Services acquired The Estate at River Bend, a provider of residential addiction treatment services in Lucedale, Mississippi, for an undisclosed price.
