Bradford Health Services, a leading addiction treatment provider, has recently made a significant move to enhance its presence in Texas by acquiring three new facilities and supporting assets. The announcement was made public on Wednesday, revealing that Bradford has purchased Last Resort Recovery Center, Crestone Wellness, and The Chapter House from a trust controlled by Bill and Ann Schneider, who are well-known investors and operators in the addiction treatment industry. These three facilities collectively offer 160 beds, including residential and detox treatment beds, partial hospitalization programs (PHP), and sober living beds, bringing Bradford’s total facility count to 31.
The Last Resort, which was established in 2021, was the original entity that eventually led to this acquisition deal. While the terms of the transaction were not disclosed, it is worth noting that Bradford Health Services is supported by Lee Equity, a middle-market private equity firm that acquired the company in 2022. Christian Chauvet, a partner at Lee Equity Partners, expressed his confidence in Bradford’s growth strategy, emphasizing the importance of providing top-tier care and resources to operators in the addiction treatment field.
This acquisition marks another milestone in Bradford Health Services’ expansion efforts, following previous acquisitions such as Lakeview Health in September 2024 and assets in Southaven, Mississippi in 2023. The company has been actively pursuing opportunities to broaden its reach and enhance its services to cater to a diverse patient population. Earlier this year, Bradford announced plans to invest $25 million in building a new 100-bed facility in Southaven to further its mission of delivering high-quality care to those in need.
Rob Marsh, who took on the role of CEO at Bradford Health Services in May 2024, highlighted the company’s commitment to offering a range of services that meet the unique needs of patients. The newly acquired facilities each offer specialized programs tailored to different populations, including men-only services at The Last Resort, co-ed services at Crestone Wellness, and extended care and sober living options at The Chapter House in Dallas.
Despite the challenges in the addiction treatment landscape, Marsh remains optimistic about Bradford’s future growth and expansion plans. He emphasized the importance of strategic partnerships and smart dealmaking to ensure that the organization continues to provide top-notch care and services to its patients. Looking ahead, Marsh envisions doubling the number of beds at Bradford Health Services while maintaining a focus on quality and excellence in addiction treatment.
In conclusion, Bradford Health Services’ recent acquisition of three new facilities in Texas signifies its commitment to expanding its reach and enhancing its services to better serve individuals struggling with addiction. With a strong foundation and support from Lee Equity, Bradford is poised to continue its growth trajectory and make a positive impact on the lives of those seeking recovery and healing.
