This is an exclusive BHB+ story Investors remain keen on pursuing behavioral health deals, sustaining healthy deal flow with occasional spikes in volume. The level of activity, which has overall cooled from record-setting historic levels, is largely seen as having recovered and settled into a new normal. What’s more, several organizations that delayed potential exits […]
This is an exclusive BHB+ article Despite continued investor interest in the behavioral health industry, recent bankruptcies have created turbulence in what many considered a booming sector. Last month, the Behavioral Health Business team reported on three bankruptcies: Landmark Recovery (at least one of its corporate entities), Praesum Healthcare and Ontrak. And this trio are […]
The once-ascendant, long-troubled addiction treatment provider Landmark Recovery has filed for bankruptcy for at least some of its corporate entities, according to public documents. The company’s application for bankruptcy protection marks a critical development in the company’s legal troubles, particularly with its landlords. The dispute at the heart of the bankruptcy involves one of the […]
Police documents show that a patient allegedly killed another patient at a Landmark Recovery facility in Louisville, Kentucky. The death adds another troubling entry to the company’s litany of bad news. The Nashville, Tennessee-based addiction treatment facility operator has self-reported the incident to Kentucky regulators and the Joint Commission, Matt Boyle, CEO and founder of […]
Franklin, Tennessee-based addiction treatment facility operator Landmark Recovery faces several lawsuits over its business dealings, the latest involving a breach of contract dispute with one of the largest institutional pharmacies in the U.S. On Dec. 5, Pharmacy Company of America, also known as Pharmerica, filed a lawsuit in the U.S. District Court for the Western […]
The substance use disorder (SUD) treatment industry has experienced significant challenges and breakthroughs in 2024, but a handful of providers are emerging as ones to watch in the coming year. The SUD dealmaking space has stayed stale thus far in 2024. While deals once flowed freely, only 10 closed in the first half of the […]
Nashville, Tennessee-based Landmark Recovery will be allowed to operate addiction treatment facilities in Indiana again after reaching a settlement agreement with state regulators. The Indiana Division of Mental Health and Addiction (DMHA) revoked licenses at three of the company’s four facilities — in the cities of Mishawaka, Carmel and Bluffton — after patients died and […]
Substance use disorder provider Landmark Recovery is facing a lawsuit over an employee settlement agreement that includes sexual harassment allegations involving owner and chairman, Cliff Boyle. The lawsuit was originally filed in state court in Tennessee on Jan. 22, 2024, and was transferred to a federal court on Feb. 20, 2024. The plaintiff, former Chief […]
Landmark Recovery has been evicted from two facilities in different states, bringing the total of facilities lost to forced closures in 2023 to five. Public documents and other sources show that the Franklin, Tennessee-based addiction treatment facility operator struggled with several financial obligations after the sudden closure of three Indiana facilities. After charting a high-flying […]
Landmark Recovery has reduced its headcount by roughly a third over the last month following the sudden shutdown of three facilities and a restructuring initiative. At the end of August, Franklin, Tennessee-based Landmark Recovery laid off about 300 staffers who supported the operations of three Indiana-based facilities that exclusively catered to Medicaid enrollees. These facilities […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
