-ATIN- - 07/26/08- Sierra Tuscon CEO Keith Arnold may be in talks about joining the team at addiction treatment industry acquisition vehicle Subacute Hoildings, according to ATIN West Coast sources.

While Subacute chief David Sack, formerly a top clinical executive at therapeutic schools leader Aspen Education, would not confirm that talks were underway or that Arnold had joined Subacute, he did say that he hoped "to have something for you (ATIN) next week" concerning Arnold's hiring.

Arnold is one of the treatment industry's most visible and well respected executives, having moved into the CEO slot at Sierra Tucson after working as the high-end treatment icon's marketing director.

Subacute Holdings is a well funded - sources tell ATIN it is $100 million - addiction treatment industry acquisition vehicle formed by two private equity firms, including powerhouse healthcare industry investor Frazier Healthcare Ventures. Earlier this year, Subacute made its first purchase, buying Malibu market pioneer Promises from founder Richard Rogg.

Newswire Staff

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