April 2, 2014 – JourneyPure, Inc., a provider of addiction treatment services, announced today the completion of its Series A Investment Round led by Rolling Hills Ventures, the angel investment fund of Brentwood-based Clayton Associates.
Through a network of inpatient and outpatient facilities located in Tennessee and Florida, JourneyPure offers addiction treatment services with an emphasis on solving co-occurring mental health and substance abuse illnesses. JourneyPure provides patients with services along a full continuum of care that includes detoxification, partial hospitalization programming, intensive outpatient programming, individual therapy, and coaching treatments.
“Our team is excited to partner with Rolling Hills Ventures,” said Kevin Lee, co-founder and CEO of JourneyPure. “We are blessed to have investment partners who care very much about our mission: to help individuals with addiction become healthy and stay healthy. Rolling Hills Ventures has a track record of working with entrepreneurial teams in developing valuable companies, and we are confident Rolling Hills Ventures will help us maximize our potential.”
Rolling Hills Ventures, which previously led Aspire Health’s Series A round, will be represented on the company’s Board of Directors by Managing Partners Richard Bovender and Landon Gibbs. “We are excited about the future growth potential of this market, especially in light of recent regulatory changes,” said Bovender. “We also believe that JourneyPure’s experienced leadership team and clinical approach to solving co-occurring illnesses, among other factors, fits perfectly into Rolling Hills Ventures’ investment criteria.” Individual angel investors from Tennessee and Texas invested alongside Rolling Hills Ventures in this investment round.
About JourneyPure, Inc.
JourneyPure is a provider of addiction treatment services focused on solving co-occurring mental health and substance abuse illnesses through a combined network of inpatient and outpatient facilities throughout the southeastern United States. For more information, visit www.journeypure.com.