Bradford Health Announces the Acquisition of The Last Resort, Crestone Wellness and The Chapter House in Texas
'We are proud to welcome The Last Resort, Crestone Wellness, and The Chapter House into the Bradford family,' said Rob Marsh, CEO of Bradford Health Services. 'Each of these programs has built a legacy of deep clinical integrity, authentic connection, and strong outcomes. They represent the kind of partners we seek — mission-driven leaders with strong reputations and rooted community impact.'
Located in Smithville, Texas, The Last Resort offers comprehensive care for men, including medical detox, residential treatment, partial hospitalization (PHP), and virtual intensive outpatient programming (IOP). Crestone Wellness, located in Taylor, Texas, provides medical detox and residential treatment for both men and women. The Chapter House, based in the Dallas-Fort Worth area, delivers an extended care and sober living program designed specifically for men transitioning from primary treatment.
'This partnership allows us to expand the reach of our mission and do more for the men and women we serve,' said Becky Babb, CEO of The Last Resort. 'We're proud of the work we've done in Texas and excited to grow alongside Bradford — a partner who shares our belief in high-integrity, patient-first care.'
'When The Last Resort was started, our vision was to provide authentic, deeply connected care,' added Corbin Bigheart, President of The Last Resort. 'This acquisition honors that vision and creates opportunities to expand our services in new, meaningful ways.'
The acquisition expands Bradford's footprint across Central and North Texas, enhancing the organization's reach from Richardson to Austin. These three programs now join a growing portfolio of trusted regional providers supported by Bradford's clinical leadership, operational infrastructure, and long-term recovery platform.
'Bradford's growth strategy is grounded in supporting best-in-class operators with the scale, resources, and systems needed to thrive in a changing landscape,' said Christian Chauvet, Partner at Lee Equity Partners. 'The Last Resort, Crestone, and Chapter House are aligned with that strategy — they're respected, proven, and rooted in the communities they serve. We are proud to support this next chapter of growth and quality care delivery.'
Legal counsel for the transaction was led by Burr Forman LLP, who provided critical support throughout the diligence and closing process.
This acquisition follows Bradford's October 2024 integration of Lakeview Health, Stepping Stones for Recovery, and Koru Spring, and its 2023 acquisition of Vertava Health of Mississippi, furthering the company's commitment to expanding access to high-quality addiction treatment across the Southeast and beyond.
About Bradford Health Services:
Bradford Health Services is a leading provider of substance abuse treatment and recovery services with a nationwide reach. Operating through a coordinated network of 40 facilities, Bradford offers affordable, evidence-based treatment across the entire spectrum of care, including early intervention, crisis response, intensive outpatient programs, partial hospitalization, residential care, inpatient detox, and transitional living and life skills programs. Our mission is to empower individuals to achieve lasting recovery. For more information, visit http://bradfordhealth.com.
About The Last Resort, Crestone Wellness, and The Chapter House:
The Last Resort Recovery Center, located in Smithville, Texas, delivers individualized care for men through its full continuum of treatment including detox, residential services, and outpatient programming. Crestone Wellness, based in Taylor, Texas, offers medical detox and residential care for both men and women with a focus on medical stabilization and healing. The Chapter House, in the Dallas-Fort Worth area, provides extended care and transitional living for men in recovery. Together, these programs have built a reputation for integrity, compassion, and clinical excellence across Texas.
About Lee Equity Partners:
Lee Equity Partners, LLC is a middle-market private equity firm that partners with businesses in the financial and healthcare services sectors. Over nearly two decades the firm has utilized its thematic based investment strategy and deep sector knowledge to identify and partner with talented management teams to accelerate growth and build market leading businesses. Additional information is available at https://www.leeequity.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Triumph Financial, Inc. (TFIN): A Bull Case Theory
We came across a bullish thesis on Triumph Financial, Inc. on by HighLine09. In this article, we will summarize the bulls' thesis on TFIN. Triumph Financial, Inc.'s share was trading at $55.96 as of August 4th. TFIN's trailing P/E was 124.66 according to Yahoo Finance. A close-up of a cash register, with passengers lined up at the window, illustrating the company's payments and holdings. Triumph Financial (TFIN), a Dallas-based financial holding company, has evolved from a traditional community bank into a fintech platform focused on modernizing the trucking industry's financial infrastructure. Positioned as a non-traditional community bank, Triumph operates through four segments—Banking, Factoring, Payments, and Intelligence—creating an integrated ecosystem to streamline freight transactions. The company's freight factoring arm provides immediate liquidity to trucking firms, leveraging its banking subsidiary for low-cost funding, and has achieved high returns through invoice purchases. By introducing Factoring-as-a-Service (FaaS) and AI-driven instant decision models, Triumph has extended its technology to large brokers, reinforcing its market presence and monetizing its platform. The Payments division, anchored by TriumphPay, addresses the inefficiencies and fraud risks inherent in analog payment systems. With its acquisition of HubTran, Triumph enhanced auditing capabilities and now processes over 50% of U.S. brokered freight transactions, touching $30.5 billion in annualized volume. Complementing this is LoadPay, a digital wallet offering 24/7 access to funds for small carriers, bypassing traditional ACH systems while building loyalty through integrated financial solutions. The Intelligence segment, launched in late 2024, leverages Triumph's vast, neutral dataset to deliver actionable insights and dynamic pricing through recent acquisitions like and ISO, boasting gross margins above 90%. Despite a challenging freight recession and declining EPS since 2021, Triumph continues to invest heavily in technology, prioritizing scale and network density before monetization. Management expects its fee-based revenues from Payments, LoadPay, FaaS, and Intelligence to surpass historical factoring income by late 2025, offering higher-margin, resilient earnings. With catalysts including freight market normalization and product adoption, Triumph is positioned to become the dominant digital payments and intelligence network in trucking, unlocking significant long-term value. Previously, we covered a bullish thesis on Northeast Bank (NBN) by Rock & Turner in May 2025, which highlighted its disciplined loan acquisition strategy and strong credit quality. The stock has appreciated about 9.7% since our coverage, as the thesis played out with sustained growth. The thesis still stands, given its hybrid model. HighLine09 shares a similar view on Triumph Financial but focuses on its fintech-driven trucking ecosystem. Triumph Financial, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held TFIN at the end of the first quarter which was 14 in the previous quarter. While we acknowledge the potential of TFIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Chicago Tribune
17 minutes ago
- Chicago Tribune
Former Better Government Association CEO Andy Shaw lists Loop condo for nearly $600,000
Former WLS-Channel 7 political reporter and retired Better Government Association president and CEO Andy Shaw and his wife, Mary, in early June placed their two-bedroom, 1,430-square-foot condo on the 16th floor of a Loop tower on the market for $599,900. Shaw was an award-winning political reporter at ABC 7 for 25 years before changing careers and heading the BGA from 2009 until 2018. He and his wife paid $570,000 in 2018 for the Loop condo. Since the COVID-19 pandemic, however, Shaw told Elite Street that he and his wife had been living 'pretty much full-time' in their large house in southwest Michigan, and that the extra space in that home 'was perfect for accommodating kids and grandkids who came here for work, school and kid care help.' Then, with his only Chicago-based family moving from Logan Square to Hyde Park — an easy ride from Michigan — 'the condo became totally extraneous,' he added. Shaw's condo, which is in the Legacy at Millennium Park building, has two bathrooms, a den, plus south, east and west exposures. It also has a kitchen with Sub-Zero and Bosch appliances, along with granite countertops and a large breakfast bar. Shaw said he has nothing but praise for the building. 'We loved the location near restaurants, culture, entertainment and the CTA to everywhere, plus the great staff, amenities like a gym, pool, hot tub and library, and as for the comfortable unit — it has a guest bedroom, office and a view of Millennium Park and the lake,' he said. 'It's hard to beat.' Shaw said that his wife pointed out that 'with multiple intellectual, cultural and entertainment activities in the building, easy interior access to the University Club and proximity to excellent medical facilities, it would be a perfect building for aging-in-place. But COVID made our Michigan home a better choice.' Chuck Gullett of Best Chicago Properties LLC has the listing. The Shaws' unit had a $11,509 property tax bill in the 2023 tax year. It also comes with $1,054-a-month homeowners association dues.
Los Angeles Times
17 minutes ago
- Los Angeles Times
Sonim Technologies to be Acquired by Social Mobile
San Diego-based Sonim Technologies Inc. agreed to be acquired by Social Mobile in a transaction valued at $20 million, including a $5 million potential earn-out in an all-cash transaction. The transaction is expected to close in the fourth quarter of 2025. This acquisition expands Social Mobile's footprint in the purpose-built enterprise mobility market. Sonim's expertise in mission-critical mobile solutions complements Social Mobile's custom enterprise mobility offerings, creating a powerful synergy to deliver innovative, secure and scalable solutions for customers worldwide. 'By combining Social Mobile's resources and expertise with Sonim's strong foundation, we are well-positioned to grow the brand and deliver even greater value to Sonim's customers. Together, we will expand product portfolios, enhance service capabilities and drive innovation to meet the evolving needs of our customers and stakeholders,' said Robert Morcos, chief executive of Social Mobile, in a statement. Roth Capital is serving as financial adviser, and Venable LLC is serving as legal counsel to Sonim Technologies Inc. Blank Rome LLP is serving as legal counsel to Social Mobile. Information for this article was sourced from Social Mobile.
