Movers & Shakers: RCA Adds New Senior Leadership; Odyssey Taps Investment Banking Vet to Oversee Growth

RCA adds two new senior execs Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — has added two new senior executives to its team. Stacie Runion has been hired as chief human resources officer, while Kerry King has been tapped to serve as vice president of clinical services. […]

Pipeline: Hopebridge Continues Expansion; RCA’s New Facilities

Hopebridge announces six new centers  Hopebridge Autism Therapy Centers will open six new locations in the Denver, Colorado area, starting in October. All of the autism therapy centers will be open by February 2021. Indianapolis-based Hopebridge — which is backed by Arsenal Capital Partners, a private equity (PE) firm based in New York City —  […]

RCA Plants First Flag in Midwest with New Facility

Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider based in the Northeast — has opened its first Midwestern location. The new facility in suburban Chicago started accepting patients Tuesday. The organization plans to expand its presence in the heartland even further later this year. Based in St. Charles, […]

Addiction Treatment Providers Navigate Struggles, Present Solutions in Light of COVID-19

While it’s relatively easy to deliver mental health counseling remotely using telehealth, addiction treatment providers face more unique challenges in light of COVID-19. For those in substance use disorder (SUD) recovery, in-person touch points are especially important. Social contact helps reduce a person’s risk of relapse, and many people with SUD rely on the assistance […]

Sabra CEO Interested in Institutional Behavioral Opportunities, Not ‘Fancy Malibu Retreats’

Behavioral health deals could represent a large opportunity for Sabra Health Care REIT (Nasdaq: SBRA) in the future, according to CEO Rick Matros. Irvine, California-based Sabra is a real estate investment trust (REIT) with a portfolio of 429 properties across the United States and Canada. It has historically specialized in senior housing, skilled nursing and […]

Recovery Centers of America Opens Two New Facilities

The Recovery Centers of America (RCA) has opened two new substance abuse treatment facilities: a medication-assisted treatment clinic and a 111-bed in-patient treatment facility. King of Prussia, Pennsylvania-based RCA is an addiction treatment provider with locations in Maryland, Pennsylvania, New Jersey and Massachusetts. It has more than half a dozen in-patient facilities across those geographies, […]