BizCap Provides $7.5MM in Financing to Elevate Addiction Services

BizCap (doing business as Business Capital since 2002) structured and secured $7.5 million in growth financing for Elevate Addiction Services, a provider of drug and alcohol rehabilitation services. Elevate Addiction Services will utilize this new debt funding to finance growth initiatives, including expanding its services and facilities into new regions across the United States.

“Over the last five years, we have been deeply committed to building the most effective model in order to achieve the best possible outcome for our clients,” Dan Manson, president of Elevate Addiction Services, said. “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.”

“We were so impressed by Elevate’s management team and their vision for growth,” Chuck Doyle, president and CEO of BizCap, said. “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.”