New State Capital Acquires Two Addiction Treatment Provider Organizations

New State Capital Partners announced on October 6 its acquisition of a majority stake in LLMS, the parent company of two California-based addiction treatment provider organizations, Bridges Recovery Center and Infinity Malibu. Financial terms were not disclosed.

LLMS has three facilities, which are located in the cities of Los Angeles, Agoura Hills, and Malibu. Each provides subacute detoxification, residential, partial hospitalization, intensive outpatient, and outpatient treatment services. The programs include custom treatment plans blending experiential therapy, yoga, physical activities, and psychoeducational groups.

With the acquisition, New State established a behavioral health care platform that will be led by Steve . . .