Fulcrum Equity Partners has announced its acquisition of Defining Wellness Centers, a premier drug and alcohol addiction treatment facility located in Mississippi. The strategic investment aims to propel the expansion of Defining Wellness Centers, leveraging Fulcrum’s financial support and industry expertise to broaden its impact in the Mississippi market and beyond.
Committed to evidence-based care and empowerment, Defining Wellness Centers provides clients with the tools and support needed to overcome substance use disorders and mental health issues.
Fulcrum Equity Partners is an Atlanta-based growth equity firm that invests in healthcare services and B2B tech executives searching for $5 million to $30 million of equity in minority and majority growth opportunities.
Drew Rothermel will become the newly appointed CEO of Defining Wellness Centers. Rothermel shared his enthusiasm for the collaboration, stating, “I am excited to work with the Fulcrum and Defining Wellness teams to enhance clinical programming and grow the reach of Defining Wellness to new and varied geographies.” Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 70th Behavioral Health Care acquisition of the year, and the 22nd in the substance use disorder specialty. This also marks Fulcrum Equity Partners’ first healthcare acquisition of the year and follows its January 2022 purchase of Texas Endovascular for an undisclosed price.
