Substance abuse treatment centers platform roll-up
COMPANY AND SITUATION OVERVIEW
Bright is an addiction treatment center business that offers both inpatient and outpatient substance abuse care and mental health treatment services across the U.S.. In addition to its core treatment center business, Bright also acquires one-off vacant or distressed real estate that can be purchased at replacement cost and signed with Bright under long-term leases; Bright monetizes its credit worthiness as an improved tenet which is attractive to REIT buyers.
Bright sought non-dilutive growth capital to fund its acquisition pipeline and continue to scale its business. Additionally, Metropolitan was able to leverage its strong relationship with Bright and understanding of the business fundamentals to create a sidecar to pursue one-off real estate transactions.
“Having a capital provider that can zig and zag with you is so important and that’s what you will find with Metropolitan.”