Behavioral Health Business April 23, 2024
Laura Lovett

Private equity firm Avesi Partners has acquired substance use disorder (SUD) provider First Steps Recovery.

The Fescno, California-based provider offers addiction care to adults. Its services include medical detox, residential treatment, partial hospitalization (PHP), intensive outpatient programs (IOP) and virtual care.

First Steps Recovery can treat patients for several conditions, including alcohol use disorder, opioid use disorder, cocaine use disorder, and meth use disorder. It is also able to treat several mental health conditions, including anxiety, depression, bipolar disorder, and eating disorders.

“Patients and payors continue to express strong demand for quality addiction treatment services focused on meeting patients where they are able to drive outcomes and long-term recovery,” Pete Tedesco, managing director at Avesi, said in a statement. “We...

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Topics: Investments, Mental Health, Mergers & Acquisitions / JV, Provider, Trends
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