SOLD FOR MANY MILLIONS –
June 2, 2023 – Joe Tuttle, President & CEO of Banyan Treatment Centers says “Our team delivers evidence-based treatment models with deep empathy for our patients. TPG’s focus on improving access to care for fragile populations, combined with their healthcare expertise, made them the mission-aligned partner of choice for Banyan.”
Founded in 2013, Banyan has set an exceptional standard within the SUD industry, providing a full continuum-of-care for patients suffering from addiction across 16 facilities in eight states. Banyan provides superior clinical outcomes across medically monitored detox, residential, partial hospitalization, intensive outpatient, and telemedicine services.
A majority of SUDs today relate to alcohol and opioid addiction, which often lead to severe morbidity or death. These diseases disproportionately affect low-income and minority populations and have long lasting socio-economic impacts on families, communities, and health systems. Further, this vulnerable population faces hurdles to receiving treatment because of lack of coverage, affordability, and social stigma. The investment from The Rise Fund is focused on increasing access for high quality, evidenced-based SUD treatment by supporting the expansion of Banyan’s footprint, capacity, and treatment offering.
