Addiction Campuses of America Acquires Turning Point Recovery and Spring2Life

NASHVILLE, Tenn., May 29, 2014 /PRNewswire/ -- Freedom Healthcare of America, LLC ("Freedom"), d/b/a Addiction Campuses of America ("ACA"), announced today its acquisitions of Turning Point Recovery, a North Mississippi and Memphis, Tennessee, area provider of addiction treatment and behavioral health services, and Spring2Life, a Murfreesboro, Tennessee, provider of addiction, recovery and behavioral services with a spiritual focus. In conjunction with these acquisitions, Fulcrum Equity Partners ("Fulcrum") led a $3.8 million Series A funding round alongside management and Harpeth Ventures.

Based in Brentwood, Tennessee, Addiction Campuses of America was founded by Brent Clements to serve as a platform for acquiring and managing behavioral health programs throughout the United States while providing best-in-class patient care. "We have assembled a powerful team of experienced industry veterans and investors to help us execute our growth strategy," said Clements. "Unfortunately, addiction and other behavioral health issues are becoming increasingly prevalent throughout our country. At ACA, we have treatment plans and processes that result in successful outcomes and help our patients lead healthy, productive lives going forward."

Addiction Campuses of America plans to integrate the two newly acquired programs while also pursuing additional growth through other targeted acquisitions. 

"When we first met Brent and his team we were impressed by their desire to serve those in need," said Tom Greer, a partner with Fulcrum. "Our investment will provide ACA with the growth capital it needs to pursue its passion of building a world-class behavioral healthcare organization."

Harpeth Capital, LLC advised Addiction Campuses of America on the financing and, via Harpeth Ventures, co-invested alongside Fulcrum.

About Addiction Campuses of America

Addiction Campuses of America ("ACA") owns, operates and manages behavioral healthcare campuses across the United States. ACA 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, ACA provides a best-in-class treatment experience for addicts and families. With over 100 years of industry experience, ACA's management, clinical and spiritual teams are poised to make a difference. As part of its mission, ACA 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.

About Harpeth Capital, LLC

Harpeth Capital, LLC is a Nashville, Tennessee-based independent, boutique investment banking firm specializing in capital raising (equity, mezzanine and senior debt) and merger and acquisition advisory services for growth-oriented and middle market companies. For more information, visit www.harpethcapital.com.

SOURCE Fulcrum Equity Partners