Harpeth Capital Advises Freedom Healthcare of America
Harpeth Capital, LLC is pleased to announce that it served as exclusive financial advisor to Freedom Healthcare of America, LLC d/b/a Addiction Campuses in connection with the acquisitions of Turning Point Recovery, a North Mississippi and Memphis, TN-based provider of addiction treatment and behavioral health services, and Spring2Life, a provider of addiction, recovery and behavioral services with a spiritual focus based in Murfreesboro, TN. Fulcrum Equity Partners led a $3.8 million Series A financing in support of the management team. Harpeth Ventures also participated in the equity raise.
At a time when the need for treatment is growing rapidly, Addiction Campuses has assembled a deep management and operational team focused on sustained recovery and outcomes. Said Brent Clements, Founder and CEO, “Unfortunately, addiction and other behavioral health issues are becoming increasingly prevalent throughout our country. At Addiction Campuses, we have treatment plans and processes that result in successful outcomes and help our patients lead healthy, productive lives going forward. The team at Harpeth Capital understood our vision from day one, helping us determine the necessary capital need, manage a process that included meetings with a mix of potential investors, and negotiate and close a transaction within a very short time frame. We couldn’t be more excited about the support from Fulcrum Equity Partners and feel that Harpeth Capital found the perfect partner for us. We plan to aggressively seek other locations throughout the country and look forward to working with Harpeth Capital and Fulcrum to facilitate our growth.”
“We were immediately impressed with Brent and his team and their passion for helping individuals deal with what is unfortunately a growing problem in our society,” said Chuck Byrge, Head of Investment Banking at Harpeth Capital. “We appreciate the trust that Brent and his team put in our firm to get this deal done and look forward to the opportunity to work with Addiction Campuses as it executes on its growth strategy.”
About Addiction Campuses
Addiction Campuses is an outcomes-based provider focused on helping families identify individualized help for their loved ones. Through a unique blend of spiritual and clinical resources, Addiction Campuses provides a best-in-class treatment experience for addicts and families. With over 100 years of industry experience, the company’s management, clinical and spiritual teams are poised to make a difference. As part of its mission, Addiction Campuses has implemented the country’s only 24/7/365 family crises line at 1-855-Ready-11. For more information, visit www.addictioncampus.com.
About Fulcrum Equity Partners
Fulcrum Equity Partners is a growth equity fund based in Atlanta with over $140 million under management. Fulcrum invests in a wide variety of industries with an emphasis on information technology, healthcare, business services and technology enabled operating companies. Fulcrum provides initial equity financing of $1-5 million and up to $10 million over the life of the investment to meet a wide range of needs including internal growth initiatives, acquisitions, management buy-outs, shareholder liquidity and recapitalizations. For more information, visit www.fulcrumep.com.