Addiction and mental health treatment provider T&R Recovery Group has acquired Origins Behavioral Healthcare, adding four locations to its portfolio.
The nonprofit Hanley Foundation, dedicated to substance use disorder (SUD) care, announced it was divesting Origins less than five months after acquiring the treatment provider.
“The addition of Origins Recovery represents a significant milestone in T&R Recovery Group’s ongoing growth strategy,” Roy Serpa, chairman of the board at T&R Recovery Group, said in a statement. “Their proven track record in providing compassionate and effective treatment aligns perfectly with our core values. We’re confident that by combining resources and expertise, we can create an even more comprehensive and impactful treatment network.”
Origins’ facilities in Texas include two residential treatment centers, two intensive outpatient programs (IOPs) and a transitional sober living center.
Privately owned T&R Recovery Group operates addiction, mental health and trauma treatment facilities in Arizona and Texas.
West Palm Beach, Florida-based Hanley Foundation works to prevent and treat SUDs through education, advocacy and recovery support. The nonprofit offers detox programs, residential care, intensive outpatient programs (IOP), day treatment and community housing. Hanley Foundation also provides programming for adults with other behavioral health conditions, PTSD and trauma.
One of Origins’s locations, the Hanley Center in West Palm Beach, has changed hands repeatedly in the last 15 years.
The Hanley Foundation sold the provider to Caron Treatment Centers in 2011 but repurchased it in 2014. TRT Holdings, a private holding company, bought the Hanley Center in 2017 before Hanley Foundation repurchased it in December of 2023 when the nonprofit acquired Origins.
The Hanley Foundation will continue to treat patients at the Hanley Center.
“As we continue with our life-saving work here at Hanley Foundation and the Hanley Center, we are thrilled to know that the patients in these Texas facilities are in such capable hands with the team at T&R Recovery Group,” Rachel Docekal, CEO of Hanley Foundation, said in a statement. “Hanley will continue to expand our footprint through our nationally acclaimed treatment center in West Palm Beach and through our critical prevention and education programming and services we offer statewide.”
M&A activity in the SUD treatment sector has trended down since 2021 and the segment was outpaced by mental health deals in 2023, according to data from The Braff Group.
However, outpatient SUD facilities have become more popular because they are more affordable for patients and payers and easier for operators to scale.
