Pipeline: Spero Health Adds 16th Location of 2020; Monte Nido Expands in Georgia

Spero Health continues aggressive 2020 growth trajectory

Spero Health has opened a new addiction treatment clinic in Hopkinsville, Kentucky. It’s the 16th new facility the Nashville-based company has added so far this year. 

Spero Health is one of the largest office-based opioid treatment providers (OTPs) in the country, with more than 45 clinics across Kentucky, Ohio, Indiana, Virginia and Tennessee. The organization is privately held by Heritage Group, Health Velocity Capital, South Central, Inc. and Frist Cressey Ventures.

Spero Health’s CEO Steve Priest said the new clinic is Hopkinsville, as well as the others the company has opened this year, are designed to meet the high demand for substance use disorder (SUD) treatment services, especially amid the COVID-19 emergency.

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“Alarming rates of overdose deaths have spiked because people are struggling with increased uncertainty and instability,” Priest said in a press release announcing the news. “It has aggravated psychological issues, and many people have turned to drugs and alcohol to ease the stress. As we go into the winter months, we feel it is critical for communities to have access to life-saving addiction treatment options during this time, and we are working very hard to make that happen.”

Monte Nido adds second center in Georgia

Monte Nido & Affiliates has opened its second eating disorder treatment center in the state of Georgia.

Headquartered in Malibu, California, Monte Nido operates 31 eating disorder treatment facilities across 12 states. It offers a continuum of services across its locations, from residential to day treatment, and is owned by the private equity firm Levine Leichtman Capital Partners.

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Clementine Atlanta will provide residential programming for adolescents of all genders. The new facility is located in Sandy Springs, Georgia, which is just north of Atlanta.

Windrose Recovery expands in Wisconsin

Windrose Recovery — a family of independently owned addiction treatment centers in southeastern Wisconsin — has opened two new programs in Brookfield, Wisconsin.

The new programs include Midwest Detox and Windrose Counseling.

Midwest Detox has 16 private rooms where patients can stabilize privately, while Windrose Counseling offers personalized intensive outpatient program (IOP) and partial hospitalization programing (PHP).