Addiction Treatment Provider Organization Bradford Health Services Acquires Cornerstone Of Recovery Acquisition & Expands Into Tennessee

Bradford Health Services, an Alabama-based addiction treatment program, acquired Tennessee-based Cornerstone of Recovery. With this acquisition Bradford Health Services entered Tennessee. Financial terms were not disclosed. The acquisition strengthens both Bradford’s and Cornerstone’s position in the addiction treatment industry, expanding in-network access to care and providing unparalleled treatment opportunities for patients, families, and referring providers across a full continuum of care. The combined company will offer programming and support services through over 25 facilities across Alabama, Arkansas, North Carolina, and Tennessee.

Founded in 1989, Cornerstone of Recovery operates two Knoxville-area inpatient facilities, Cornerstone of Recovery and Stepping Stone to Recovery. It offers a full spectrum of clinical treatment options for people recovering from addiction.

Bradford Health Services has been providing addiction treatment services for more than 40 years. It offers residential, inpatient, extended care, and outpatient services at facilities located in Alabama, Arkansas, and North Carolina. The company also maintains a 24-hour crisis center. Bradford Health Services is backed by Centre Partners, a middle-market private equity firm focused on the consumer and health care sectors.

Centre Partners seeks to partner with founders, families, entrepreneurs, and management teams to build exceptional businesses. Centre Partners provides management teams with access to its unique resources, which includes an extended network of experienced and proven operating executives.

This was reported by Centre Partners on September 7, 2021.

Contact information: Ross Lovern, Contact point for Centre Partners, Kekst CNC; 917-842-7205

Contact information: Centre Partners Management, LLC, New York Office, 601 Lexington Avenue, 55th floor, New York, NY 10022-4611; 212-332-5800; Fax: 212-758-1830; Website: http://www.centrepartners.com

Contact information: Mike Rickman, President and Chief Executive Officer, Bradford Health Services, 2101 Magnolia Avenue South, Suite 518, Birmingham , AL 35205; 888-762-3740; Website: https://bradfordhealth.com/

Contact information: Steve McGrew, Chief Executive Officer, Cornerstone of Recovery, 4726 Airport Hwy, Louisville, TN 37777; 866-352-8537; Fax: 865-681-2266; Website: https://www.cornerstoneofrecovery.com/

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COVID-19 Risk Management Plan August 11, 2021

We are excited to return to sunny southern California for The 2021 OPEN MINDS Management Best Practices Institute at the picturesque Newport Beach Marriott Hotel & Spa, August 23-26, 2021. To help plan your in-person attendance, visit https://openminds.com/live-mbpi/ for a schedule of events happening throughout the week.

The resurgence of the COVID Delta variant has certainly created new challenges for the country and for our families. Fortunately, the available COVID vaccinations have been very successful in preventing symptomatic infections and illness. But I did want to let you know that our team at OPEN MINDS is committed to making our executive events as safe as possible and have an active risk management plan in place. I wanted to share with you the key elements of our plan:

Masking. Every participant will receive a mask as part of their registration materials. Unvaccinated people will be required to wear masks – and vaccinated attendees will be encouraged to wear masks. If the local or state governments have more restrictive standards (including mandatory masking or requiring proof of vaccination) at the time of our institutes, we will follow those standards.

Social Distancing. We are working with the event venue to hold all sessions in the largest possible rooms with seating as far apart as possible. In order to accomplish this, we ask that you select in advance the sessions you plan to attend in-person at the event venue. This will assist us with room and seating arrangements.

Outdoor Events. Where possible, we will use outdoor spaces for networking events and smaller sessions.

Hand Sanitation. Hand sanitation stations are available throughout the event venue and hand sanitizer is included in your registration materials, courtesy of our partner, Qualifacts+Credible.

Virtual Sessions. Every session will be partially or fully available in a virtual capacity:

We are livestreaming via GoToWebinar our plenary sessions – keynote addresses and plenary panels. You can participate online from your hotel room (or from your home office if you can’t attend on-site). We will be accepting questions from both the onsite and online audiences.
Each executive seminar is being offered at two separate times, one live at the event venue and the other exclusively for virtual attendees.
We are recording the audio for each session – and will post the audio along with presentation materials after each session.
A virtual exhibit hall will be available with access to all exhibitor contact information, product demos, and engagement opportunities.

We will continue to monitor any changes in the CDC recommendations for the continued safety of the public. If you have any concerns or questions, feel free to reach out to a member of our team at events@openminds.com or by phone at 877-350-6463. We look forward to seeing you at The 2021 OPEN MINDS Management Best Practices Institute.

Monica E. Oss
Chief Executive Officer
OPEN MINDS

Addiction Treatment Provider Organization Bradford Health Services Acquires Cornerstone Of Recovery Acquisition & Expands Into Tennessee

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COVID-19 Risk Management Plan August 11, 2021

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