BayMark Health Services, which is backed by Webster Capital, has acquired Louisiana-based AppleGate Recovery, an addiction recovery clinic and Virginia-based Coleman Institute, a detox program for opiates provider. No financial terms were disclosed. BayMark is provider of opioid treatment services.
Lewisville, Texas (February 6, 2017) – BayMark Health Services, a portfolio company of Webster Capital and national provider of opioid treatment services, has completed its second acquisition in 2017 and seventh in the last 18 months.
In 2017, BayMark has extended its service lines into office based buprenorphine with its purchase of Louisiana based AppleGate and ambulatory detox services with its purchase of Virginia based Coleman Institute. BayMark CEO, Dave White, remarked, “It is exciting to see expansion into new service lines and geographies as we believe there are significant growth opportunities in the years to come.” Webster Co-Managing Partner, David Malm, said, “With the state of opioid abuse in the country, BayMark is focused on providing care through multiple approaches in as many areas as possible to address the epidemic.”
Webster initially invested in BayMark in 2015 with the goal of providing care to those impacted by opioid abuse.
This article originally appeared in an article on PE Hub Network.