Acquisition by Bradford Health Services to build on Cornerstone founder’s legacy
Louisville, Tennessee (September 1, 2021) — Cornerstone of Recovery, East Tennessee’s largest drug and alcohol treatment provider located in Blount County, has been acquired by Birmingham, Alabama-based Bradford Health Services, the Southeast’s largest provider of addiction treatment programs, representatives from both companies announced today.
Founded in 1989 by the late Bill Hood, Cornerstone has grown from an 18-bed facility in a strip mall just outside of Knoxville to one of the largest residential addiction and alcoholism treatment providers in the state, operating out of a four-facility, 24-acre campus on Alcoa Highway. Despite its impressive growth, however, the facility has stayed true to Hood’s vision of offering a full spectrum of 12-Step and clinical treatment options for people recovering from addiction.
The new partnership with Bradford will allow Cornerstone to make an even greater impact in East Tennessee and beyond, says John Hood, the Executive Vice President of Cornerstone and the late founder’s son.
“When we look at Bradford’s strengths and Cornerstone’s strengths, they dovetail together nicely, and our philosophies are very similar,” Hood said. “They have the same ideas about what recovery is and what treatment should be that we do, and with the guidance and oversight of Bradford, Cornerstone is going to be able to accomplish even more than what we have in the past. They know the patients we treat, they know the industry, and this will be beneficial to both our patients and staff.”
The acquisition strengthens both Cornerstone’s and Bradford’s positions in the addiction treatment industry, expanding in-network access to care and providing unparalleled treatment opportunities for patients, families, and referring providers across a full continuum of care. The combined company will offer programming and support services through over 25 facilities across Alabama, Arkansas, North Carolina, and Tennessee.
“We are proud to add an organization as well respected as Cornerstone of Recovery to the Bradford portfolio,” said Mike Rickman, President and Chief Executive Officer of Bradford Health Services. “This partnership brings together two teams that share a passion for supporting recovery. We are excited to combine our collective knowledge and experience to provide even greater access to the best care in the industry.”
The acquisition also includes Stepping Stone to Recovery, Cornerstone’s full-spectrum treatment program that’s in network with all three managed care organizations under the TennCare umbrella, the State of Tennessee’s Medicaid program.
“Whether we’re serving East Tennessee or patients from all across the country, our mission has always been the same: to save lives, families, and jobs by providing hope, healing, and recovery for those impacted by the disease of addiction,” said Cornerstone of Recovery Chief Executive Officer Steve McGrew. “With this new partnership, we look forward to furthering this mission, drawing on new resources and opportunities under the Bradford umbrella to continue to provide comprehensive, affordable, and effective treatment for those in need.”
For more information, visit bradfordhealth.com or cornerstoneofrecovery.com.
About Bradford Health Services
Bradford Health Services has been successfully treating alcohol and drug addiction for more than 40 years. With locations across the Southeast, Bradford offers affordable, clinically proven programs at all levels of care, including residential, inpatient, extended care, and outpatient services. Drawing from best-in-class medical and clinical research, Bradford’s experienced staff tailors every treatment plan to the individual patient, resulting in patient outcomes that significantly exceed national averages. Bradford’s 24-hour crisis center is available by calling 1-888-SOBER-40 (888-762-3740). For more information, visit bradfordhealth.com.
About Cornerstone of Recovery
From humble beginnings, Cornerstone of Recovery has grown into one of the largest residential drug and alcohol treatment centers in the state of Tennessee. With services ranging from safe, medically supervised detox, inpatient treatment for a broad cross-section of clients to outpatient programs and sober living support, Cornerstone combines both traditional methods and evidence-based psychotherapeutic tools to fulfill our primary mission: to save lives, families, and jobs by providing hope, healing, and recovery for those impacted by the disease of addiction. For more information, call 1-866-631-5209 or visit cornerstoneofrecovery.com.