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 […]
An Indiana administrative law judge has ruled against Nashville, Tennessee-based Landmark Recovery’s initial appeal to reopen three shuttered addiction treatment facilities. The development is a serious setback for a once-promising business that faces several critical struggles. The regulatory actions by the Indiana Department of Mental Health and Addiction (DMHA) were prompted by three sudden patient […]
Landmark Recovery has laid off about 300 staffers in Indiana and its headquarters. This comes after state regulators revoked the provider’s license in three of its four facilities in the state following a string of patient deaths and alleged sexual assaults on staffers at its facility in the South Bend area. The Nashville, Tennessee-based addiction […]
Behavioral health providers continue to face headaches while trying to get new facilities through local zoning processes. The American drug overdose crisis and the wide-reaching impacts of a once-in-a-generation pandemic have shredded the pretense that any given community doesn’t need behavioral health care. Despite this reality, prejudice against those with behavioral health issues, especially substance […]
Expanding behavioral health companies continue to face headaches from restrictive state certificate of need (CON) laws. The COVID-19 pandemic changed the approach many states take when regulating behavioral health facility development. In part, it amplified voices calling for CON reform as the pandemic revealed and worked the poor mental health of America. Most states — […]
Partnering with real estate investment trusts (REITs) could be a major opportunity for certain behavioral health operators. That’s the case Sabra Health Care REIT (Nasdaq: SBRA) Chief Investment Officer Talya Nevo-Hacohen made during a panel chat at Behavioral Health Business event INVEST. Specifically, sponsor-backed operators that are dependent on a facility could be a good […]
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