Bradford Health Services, a Southeastern provider of addiction treatment programs, has acquired Cornerstone of Recovery, a Tennessee-based substance use disorder treatment provider. Bradford Health Services is backed by Centre Partners, a middle-market private equity firm focused on the consumer and healthcare sectors.
“We are proud to add an organization as well respected as Cornerstone of Recovery to the Bradford portfolio,” said Mike Rickman, president and chief executive officer of Bradford Health Services. “This partnership brings together two teams that share a passion for supporting recovery. We are excited to combine our collective knowledge and experience to provide even greater access to the best care in the industry.”
“Whether we’re serving patients from Tennessee or from across the country, our mission has always been the same: to save lives, families, and jobs by providing hope, healing, and recovery for those impacted by the disease of addiction,” said Cornerstone of Recovery chief executive officer Steve McGrew. “With this new partnership, we look forward to furthering this mission, drawing on new resources and opportunities under the Bradford umbrella to continue to provide comprehensive, affordable, and effective treatment for those in need.”