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BizCap Secures $7.5MM Financing for Elevate Addiction Services

November 12, 2021, 07:30 AM
Filed Under: Specialty Industries
Related: BizCap, Chuck Doyle

BizCap successfully structured and secured $7.5 million in growth financing for its client Elevate Addiction Services, a national leader and innovator in drug and alcohol rehabilitation. Elevate Addiction Services will utilize this new debt funding to finance growth initiatives, including expanding their services and facilities into new, high demand regions across the country.

“Over the last 5 years we have been deeply committed to building the most effective model in order to achieve the best possible outcome for our clients,” said Dan Manson, President of Elevate Addition Services. “We have had a fantastic partner in the team at BizCap, and because of their dedication to understanding our operating model and future vision, along with their expertise and incredible partner network, we now have secured the financial resources to enable us to execute on our long-term mission,” he added.

In October of 2020, Elevate Addiction Services was recognized as the #1 drug and alcohol treatment program in the USA (based on verified clinical outcomes as documented by a third-party independent study).

“We were so impressed by Elevate’s management team and their vision for growth,” said Chuck Doyle, President and CEO of BizCap. “Our team dug in and developed a thorough understanding of Elevate’s value proposition and plan for growth, and in so doing was able to secure an optimal financial solution to meet their needs.”

BizCap recently announced the successful financing for its repeat client AlterG, leader in physical rehabilitation and elite athletic training.

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