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A private equity firm announced a “significant growth investment” on Friday in Aware Recovery Care, a Wallingford-based provider of in-home addiction treatment.
Health Enterprise Partners (HEP), a New York-based company whose investors include some of the nation’s largest health systems and health insurance plans, made the investment.
The undisclosed amount will fund the expansion of Aware s in-home addiction treatment program across multiple states and payors, according to the private equity firm, Health Enterprise Partners.
Aware’s main program, In-Home Addiction Treatment (IHAT), is a 52-week, home-based biopsychosocial curriculum that has been deemed highly effective by clients including Anthem Blue Cross Blue Shield of Connecticut. Anthem found that 60% to 70% of its members who followed Aware’s program achieved year-long abstinence from drugs and alcohol compared to less than 10% of those who attended residential treatment programs.
Aware Recovery Care Announces Growth Investment from Health Enterprise Partners
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WALLINGFORD, Conn., Jan. 29, 2021 /PRNewswire/ Aware Recovery Care, a pioneer in the in-home addiction treatment space, today announced that it has raised a significant growth investment to support rapid expansion and increased access to high-quality, whole-person healthcare. Aware s In-Home Addiction Treatment (IHAT™) program is backed by a decade of experience delivering individualized, evidence-based treatment, as well as research showing that integrated medical and behavioral healthcare in the home setting enables lasting recovery.
The investment was led by Health Enterprise Partners (HEP), a growth equity firm whose investors include some of the largest health systems and health insurance plans in the United States. Aware selected HEP as its capital partner given the firm s deep relationships across the healthcare industry and experienc