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Coker Capital Advisors Advises Red Oak Recovery in its Sale to Bradford Health Services

Atlanta, GA/Charlotte, NC – Coker Capital Advisors announced today that Red Oak Recovery and The Willows at Red Oak Recovery ("Red Oak") have been acquired by Bradford Health Services ("Bradford"), a portfolio company of Centre Partners ("Centre"). Based in the Blue Ridge Mountains, just north of Asheville, North Carolina, Red Oak is a leading provider of trauma-informed substance abuse and dual diagnosis treatment for young adults across the country.

"We are pleased with the outcome of this transaction and Coker Capital’s ability to guide us through this complex process." said Jack Kline, Chief Executive Officer of Red Oak Recovery. "Coker’s complete understanding of the behavioral healthcare marketplace and buyer universe allowed us to exceed our expectations for the transaction and find the ideal partner. I am excited about our affiliation with Bradford and the opportunity this holds for our combined future."

About Red Oak Recovery

Red Oak Recovery is a leading provider of trauma-informed substance abuse and dual diagnosis treatment for young adults across the country. With two campuses located in the pristine Blue Ridge Mountains of North Carolina, Red Oak’s management and clinical staff have deep experience integrating experiential education, substance abuse, and mental health treatment programs that generate optimal outcomes and long-term recovery.

For additional information on Red Oak, visit the company’s website at www.redoakrecovery.com 

About Bradford Health Services

Bradford Health Services, based in Birmingham, Alabama, is one of the largest and longest running providers of substance abuse treatment and recovery services in the Southeast. Through 28 individual clinical facilities, Bradford offers early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox, and transitional living and life skills programming.

For additional information on Bradford, visit the company’s website at www.bradfordhealth.com 

About Centre Partners

Founded in 1986, Centre Partners is a leading middle-market private equity firm focusing on the consumer and healthcare sectors, with offices in New York and Los Angeles. Centre has invested over $2 billion of equity capital in more than 75 transactions since its inception. The firm seeks to partner with founders and/or management teams to build exceptional businesses. In doing so, Centre provides portfolio companies with access to its unique resources, including an extended network of experienced and proven operating executives.

For additional information on Centre, visit the firm's website at www.centrepartners.com 

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com

Securities services provided by a registered broker-dealer. Coker Capital Securities, LLC, doing business as Coker Capital Advisors, was acquired by Fifth Third Securities, Inc. in February of 2018.