RC Capital Partners With The Blanchard Institute of North Carolina
RC Capital announced on October 30 a new platform investment in The Blanchard Institute for an undisclosed price. The Blanchard Institute is a North Carolina–based provider of intensive outpatient and partial hospitalization behavioral health services. The company offers a comprehensive continuum of mental health and substance use services. Founded in 1994, RC Capital is a healthcare-focused growth equity firm based in Cincinnati, Ohio. The firm seeks to invest in commercial-stage medical technology companies operating in the healthcare services, medical devices and healthcare information technology sectors. “The growth investment in The Blanchard Institute underscores RC Capital’s... Read More »
Northeast Recovery Strengthens Behavioral Health Care in Massachusetts
Northeast Recovery LLC announced that it has assumed operations of three Massachusetts-based providers of substance use and mental health treatment: Bedrock Recovery Center, Spring Hill Recovery Center and Spring Hill Recovery Outpatient Center. Bedrock Recovery Center offers evidence-based addiction and mental health treatment in Canton, Massachusetts. The company offers compassionate care and 24/7 support. Spring Hill Recovery Center provides holistic addiction treatment in Massachusetts with residential, outpatient, and aftercare programs in a serene setting. The company is located in Ashby, Massachusetts. Spring Hill Recovery Outpatient Center provides holistic addiction treatment with... Read More »
The Braff Group Advises Eagles Wing on its Acquisition by Redwood Family Care
Private equity-backed Redwood Family Care Network announced that it has acquired Eagles Wing, expanding its geographic footprint into the Midwest. Minnesota-based Eagles Wing provides residential and day support services to individuals with developmental disabilities across Beltrami and Polk Counties. Redwood Family Care Network, backed by private equity firm Webster Equity Partners since 2021, is a multi-state organization dedicated to providing person-centered services for individuals with intellectual and developmental disabilities. The Braff Group served as the exclusive financial advisor to Eagles Wing. Polsinelli served as the sell-side legal counsel. Financial terms of the deal were... Read More »
Thesis Capital Partners Invests in The Ridge Ohio to Grow Addiction Treatment Programs
The Ridge Ohio announced that it has been acquired by Thesis Capital Partners for an undisclosed price. The Ridge Ohio is a physician-led addiction treatment center in Ohio. Founded in 2011 by Dr. Jeffrey Stuckert, John McKay and other national investors, The Ridge Ohio has grown from its origins as a 16-bed residential program into a 32-bed continuum of care, encompassing detox, residential and outpatient services across its Cincinnati and Columbus locations. Founded in 2017, Thesis Capital Partners is a Houston, Texas-based private equity firm specializing in partnerships with family-owned businesses. “This marks a meaningful milestone to further the vision Dr. Stuckert set in motion to... Read More »
