Want to read more content like this? Subscribe to Addiction Treatment Business today! The number of people who died from alcohol-related reasons per year increased by more than 40,000 within six years, new CDC data revealed. Yet, alcohol use disorder (AUD) remains overlooked in the substance use disorder (SUD) industry, which is laser-focused on the […]
Vertava Health sold three of its four residential addiction treatment centers as part of a scale-back and pivot strategy. The Nashville-based mental health and addiction treatment company sold the facilities to Fort Lauderdale, Florida-based Regard Recovery in a deal that closed at the end of 2022. Terms of the deal were not disclosed. The move […]
Regard Recovery LLC announced its acquisition of JourneyPure LLC on Wednesday. Both organizations provide mental health and addiction treatment services. Regard Recovery is based in Florida while JourneyPure is based in Tennessee. Terms of the deal were not disclosed. Regard Recovery pursued the deal for continued growth and synergies, according to a representative of the […]
BayMark adds first U.S.-based residential facility BayMark Health Services — a North American medication-assisted treatment (MAT) provider — has acquired its first U.S.-based residential treatment facility. Earlier this month, BayMark added Portland, Maine-based Liberty Bay Recovery Center to its portfolio. Financial terms of the deal were not announced. Headquartered in Lewisville, Texas, BayMark has more […]
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