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After 15 years of experience in the healthcare sector with Golub Capital & GE Capital in private credit and equity, seasoned entrepreneur Robert Wagner launched the healthcare-focused acquisition fund, Wagner HC Search Fund, in 2022, and joined NCA’s ETA program. In February 2024, he successfully closed a control equity investment in Stewards of Recovery, a growing behavioral healthcare platform in the Mountain West. Alza Capital Partners invested in the transaction.
Headquartered in Idaho, the company operates across three campuses, providing a full continuum of care for substance abuse and addiction treatment, including Detox, Residential, PHP, IOP, and OP for both adults and minors, in addition to adult safe and sober living.
As the newly appointed CEO, Wagner commended the existing staff and expressed excitement about the complex yet rewarding nature of the business, focusing on positively impacting lives. The company, founded in 2015 by Janna Kulow, will continue its mission under Wagner’s leadership, with Kulow retaining a substantial equity stake and a position on the board.
Legal: Polsinelli / DD: Lucas Horsfall
