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Lakeview Seeks Approval for Big Sober Living New Build  E-mail
Addiction Treatment Industry Newswire

10/18/2017 - ATIN - Lakeview Health Systems is seeking approval to build 100+ new beds for sober living and Florida Model care on a 22 acre site near the company's main treatment campus in Jacksonville.

Lakeview has submitted site plans to the city that show four residential structures. The two women's buildings are separated from the men's buildings. Plans show the men's buildings will provide 58 beds and the women's structures will offer 42. The smaller buildings are referred to as serving the professional programs.

Lakeview's main 12 acre Jacksonville campus includes men's and women's treatment programs and residential treatment buildings, the administration building, a café, and a conference center, wellness center and counseling center.

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South Florida's Delphi in Major Deal With Private Equity  E-mail

10/12/2017 -ATIN - South Florida's Delphi Behavioral Health Group has completed a major recapitalization with a leading private equity concern, arguably the most important financing and investment deal in Delphi's history. Washington DC-based private equity firm The HalifaxGroup has made a major investment in Delphi, with Delphi CEO Dominick Sirianni insisting  that he and his managment team still retain a "significant"stake in fast growing Delphi. Terms of the private transaction were not disclosed.

Headquartered in Fort Lauderdale, FL, Delphi Behavioral Health Group's treatment centers offer patients diversified addiction treatment programing to begin the process of recovery from addiction.  Each treatment center is equipped with a team of highly trained addiction specialists and follows the company's philosophy on addiction care, which includes a high clinician-to-patient ratio, intimate settings, and comprehensive, tailored treatment solutions, including cognitive and behavioral therapies, aftercare services and relapse prevention.

"Delphi and Halifax have a shared vision to provide outstanding individual, group and family therapy and care to all those we have the opportunity to serve," commented Mr. Sirianni.  "Halifax's history and experience investing in the healthcare sector will be helpful to our mission as we continue growing."

In April, Delphi completed a major transaction, acquiring 45 yr-old Palm Beach Institute residential center, the oldest continuously operating residential center in the key South Florida market, which fills much of the demand for treatment services of the entire East Coast.

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Summit Behavioral Sells Controlling Stake to Private Equity  E-mail

10/10/2017 - ATIN - Nashville-based Summit Behavioral has sold a controlling stake to private equity investors, the company said. Flexpoint Ford and certain other investors have sold out to Lee Partners and FFL Partners, two Nashville-based healthcare private equity players the press release said.The amounts involved were not made public.

Headquartered in Franklin, Tenn., Summit BHC was founded by a team of senior executives with decades of behavioral healthcare experience to develop and operate a nationwide network of addiction treatment and behavioral health centers. The Company focuses on the management of specialty chemical dependencies and provides a wide range of services to adults and families with addiction disorders through treatment centers across 10 states.

Trey Carter, Chairman, Chief Executive Officer and Founder of Summit BHC, along with his management and clinical teams, will continue to lead the company, and are committed to expanding Summit BHC's business to meet the company's mission: delivering quality and innovative chemical dependency and addiction disorder services in a caring and supportive environment. "We are pleased to have the support of partners with a long term track record of building market-leading healthcare businesses, who share our vision for clinical excellence in patient care," said Carter. "Flexpoint Ford has been a truly valuable partner and we have thoroughly enjoyed our relationship with them which allowed us to grow the Company from three to thirteen facilities."

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Google Board Cuts $1B Addiction AdWord Market Off At Knees  E-mail

10/07/2017 -ATIN - In an unusual decision made at Google's highest levels - probably its board - the iconic tech giant has cut what was once a highly vibrant and thriving addiction treatment Adwords market off at the knees, a market that Treatment Magazine estimates could easily have topped $1B a year in ad purchases.

It is impossible to overestimate how unusual Google's moves - they have ressentially closed addiction kryword marketing, claiming widespread deceptive marketing tactics - have been. We believe it represents a dangerous precedent for politically motivated interference in the Adwords marketplace, which functions as a kind of stock market for ad pricing. It is no exaggeration to say that Adwords represents one of the greatest efficiency leaps in the history of capitalism, finally bringing to the huge ad markets the kind of price discovery modeling the economy had long been used to in securities, commodities and other key marketplaces.

Madison Ave, once the Wall Street of the advertising and marketing fields, was for decades a bloated hotbed of corrupt business relationships where trying to make sense of why and how hundreds of billions of dollars in advertising and marketing products were priced was an excercise in futility. The opacity of Madison Ave marketing and advertising markets allowed for the proliferation of low quality vastly overpaid insipid executives the lifestyles of which will be forever immortalized in the classic TV series Mad Men.

Treatment Magazine considers the Google addiction treatment Adwords story to easily be among the top five most important stories we have ever covered in the addiction treatment marketplace and certainly the most important treatment marketing story we have ever covered.

We have begun what is by far the largest and most expensive editorial effort in our nearly 15-yr history. And, as usual, you can count on us to get to the bottom of it.

Stay tuned... and, of course, thank you for reading Treatment Magazine.

Ted Jackson

Editor and Publisher

954-226-2157

 
New $10M Hotel Conversion Set to Open in Louisiana  E-mail
Addiction Treatment Industry Newswire

09/21/2017 - ATIN - A new high-end $10M hotel conversion is set to open by year's end in Louisiana, which according to reports represnts one of the largest single addiction treatment investments in the state's history. Formerly the Longbranch Hotel of Abita Springs, the new center will have 32 beds and a wide variety of the luxury amenties typical of a new build project of this scale and scope.

 
Townsend Recovery Founder Sought in Statewide Dragnet, Conspiracy To Kidnap Wife  E-mail

08/11/2017 - ATIN- The founder of Louisiana's Townsend Recovery is being sought in a statewide criminal dragnet. The tale behind this is tangled and highly disturbing, including charges of conspiracy to kidnap his wife amidst an acrimonious divorce. Michael Handley is a highly successful treatment entrepreneur who founded Townsend, a chain of outpatient clinics sold  a couple of years ago to Michael Cartwirght's American Addiction Centers for $20M+. read the AP report

Treatment Magazine

 
Florida's Lakeview Set to Expand into Metro Houston Market  E-mail

08/11/2017 - ATIN- Jacksonville-based Lakeview Health has begun work on a 10K+ square foot facility north of Houston that when it opens in Dec will be the addiction care provider's first Texas facility.  Late last year, Lakeview was acquired by The Riverside Company, a private equity firm that specializes in micro cap leveraged buyouts. The Houston area expansion is Lakeview's first major move post acquisition. The new Houston operation will be a "Florida Model" type operation, offering patrial hospitalization and IOP, with a particular emphasis on tapping into demand for continuing care services services by offering transportation services for sober living clientele and an onsite dining room for IOP clientele.

Treatment Magazine

 
AAC in Big Facility Sale Leaseback Deal With Medical REIT  E-mail

08/09/2017 - ATIN- In a type of transaction known as a sale leaseback, often used by companies to unlock liquidity from fixed assets like real estate. publcly traded American Addiction Centers has sold a number of its residential and outpatient properties to a medical REIT and enterted into lease agreements with the REIT, raising $25M.

AAC CEO and founder Michael Cartwright was not immediately available for comment.

read the press release

Treatment Magazine

 
Treatment Development Partnership Files Fed Anti-NIMBY Suit in Chicago  E-mail

08/07/2017 - ATIN - A development partnership that sought to convert a 125+ bed former boarding school property into an addiction care facility, but earlier this year was denied rezoning by a county board, has filed a major suit in Chicago federal court alleging illegal NIMBY discrimination. read the report

Treatment Magazine

 
Treatment Investor Group Closes on Big Colorado Luxury Resort Conversion Property  E-mail

08/06/2017 -ATIN- A Federal judge in Feb swept aside a NIMBY lawsuit seeking to block the sale of a Vail, CO resort to an investor group, which last week closed on the 56-room property. The group plans to start in Sept on the first $20M phase of a $136M project to convert the formerly troubled resort into what would be one of largest ultra high-end addiction care centers in the nation. read the report

Treatment Magazine

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So Fla's Ambrosia in NJ NIMBY Expansion Battle  E-mail

07/24/2017 - ATIN - South Florida-based Ambrosia Treatment Centers is in the midst of a protracted NIMBY battle in its efforts to expand its addiction treatment operations into the state of New Jersey, where enormous demand for treatment services routinely bumps into some of the fiercest resistance to facility location of anywhere in the nation. read the report

Ambrosia Treatment Centers, of Palm Beach Gardens, Fla. operates a facility in Medford (Burlington County, NJ) in addition to three in Florida and one in Beverly Hills, Calif. The Medford location is a New Jersey Alliance of Recovery Residences certified residence, according to reports.

Ambrosia did not respond to an email request for comment from Treatment Magazine.

Treatment Magazine

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Fomerly High-Flying California Treatment Provider Declares Bankruptcy  E-mail

07/23/2017 - ATIN - A formerly fast growing Costa Mesa sober living and treatment provider, whose revenues were at one point over $100M, has declared bankruptcy. read the OC Register report

Treatment Magazine

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Internet-Based Addiction Treatment Slowly Gaining Traction  E-mail

07/21/2017 - ATIN - Addiction telehealth provider Lionrock Recovery has treated over 1,000 clients on its Internet-based platform, with current census around 80. Like many treatment providers, Lionrock is dealing with slashed reimbursements from insurance payors, whose out-of-network benefits Lionrock relies on for most of its revenues.

The 7-year-old company has established a leading reputation and position in the small but potentially enormously disruptive "distance" behavioral health space, a sector full of companies seeking to find their footing. Other distance behavioral health ventures run the gamut from well-funded clinical efforts like Talk Space based in New York to tiny Ascent in Cleveland, which is seeking simply to apply IPhone app tech to peer-to-peer aftercare support.

The onerous weight of escalating client acquisition costs, particularly the high cost of Google keyword-based advertising, has forced Lionrock to be nimble and innovative, says co-founder Peter Loeb. And the convenience of streaming care into people's homes has resulted in a unique client demographic for Lionrock. The company has a much higher proportion of time-pressed women head-of-households as well as both men and women who are full-time employed than at traditional brck and mortor treatment centers, he says

READ our 2012 feature story on Lionrock

Treatment Magazine

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Miami Beach Treatment Center Seeks Illinois Residential Expansion  E-mail

07/20/2017 - ATIN- A Miami Beach treatment center is seeking to expand in Illinois with a proposed 40-bed residential center. read the report

Treatment Magazine

 
Kaiser Analysis of Medicaid Role Addressing Opiate Epidemic  E-mail

07/20/2017 - ATIN - Kaiser has released a definitive study on Medicaid's role in dealing w the opiate crisis. read the report

Treatment Magazine

 
California Blue Cross Hit By Addiction Care Class Action  E-mail

07/20/2017 - ATIN - A major class action suit alleging thousands of instances where California Blue Cross illegally denied addiction and mental health claims has been filed. read the report

Treatment Magazine

 
Saudi Royal Felled By Opiates, Heir to Throne Asked to Step-Down  E-mail

In an event that reveals how addiction does not discriminate, reaching the highest and lowest rungs of society, the next-in-line to the Saudi throne has been asked to step aside, his judgement apparently clouded by painkiller addiction. read the report

Treatment Magazine


 
Delray Beach Center Deals With Bargain Basement Reimbursement  E-mail

07/19/2017 -ATIN - As commercial health insurers, rightfully or not, use misbehavior and scandal at a few treatment centers to paint all of South Florida with the same brush, bargain basement reimbursements from healthcare payors continue to be widespread. Indicative of how difficult things have become for small relatively marginal providers appears to be the plight of a tiny addiction treatment center in Delray Beach called Recovery Boot Camp.

Despite efforts by its owner Tim Schnellenberger to work with several billing companies to get reimbursements up, getting paid remains a chore, he said. With a monthly cost base of around $150K, he said he bills around $800K a month. But with virtually no clout or leverage with the payors, who are fed up with the primarily spiritual modeled centers that have proliferated, Schnellenberger says he gets paid only between 10 percent and 20 percent of what he bills.

Now that he has a competent billing staffer, talent worth its weight in gold, he says he's hopeful things will get better.

Treatment Magazine


 
New England Agency Stops Referrals to Florida Treatment Centers  E-mail

07/19/2017 - ATIN - A New England police department that has made over 250 out-of-state referrals to addiction treatment centers, 40 percent of which have been to Florida, has stopped the practice, citing publicity regarding fraudulent treatment practices. read the report

Treatment Magazine

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So Fla Non-Profit First Mover Into MAT Sober Living  E-mail

07/19/2017 -ATIN- Fellowship Living, South Florida's largest non-profit sober living community, is beginning specialized services aimed at those in aftercare seeking to participate in medication-assisted therapies like Suboxone, which in particular is almost universally shunned as an inappropriate therapy throughout the region's large sober living housing and aftercare sector.

"Sober living providers don't like Suboxone, but we'll take SAMHSA's and ASAM's word for it any day of the week," says Rick Riccardi, CEO and founder at West Broward-based Fellowship. It has grown swiftly in recent months, expanding to 215 beds gender specific. "Both addiction docs and the federal mental health and addiction agency have for years said loudly that medication-assisted therapies are the gold standard for fighting addiction, particularly the horrific opiate abuse epidemic."

As statistics show, Suboxone MAT therapy is substantially more effective than traditional "talk therapy" addiction care, resulting in outcomes that are approximately 2x to 3x better a year following commencement of treatment. But Riccardi is still not prepared to fully buy into Suboxone maintenance, saying that those who come to Fellowship must have an end date in mind for jumping off buprenorphine, which is the active ingredient in brand-named Suboxone.

In effect, those on MAT at Fellowship will be on a much longer term tapper than the usual 7-30 days offered widely now, although Riccardi says the exact length of the tapper will vary depending on individual needs. They must also fully participate in the "recovery" model at the core of the Fellowship approach, AA meetings etc...

Currently, Fellowship has three apartments earmarked for the new MAT program. But Riccardi expects demand to be robust, in which case he says that at some point the program will be moved to a new, larger self-contained location.

Treatment Magazine

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Vivitrol Sales Soar on Prison and Jails Boom  E-mail

07/18/2017 - ATIN - Sales of the addiction medicated-assisted therapy Vivitrol are skyrocketing on the back of headlines about the opiate epidemic. The boom in the drug, developed by Boston-based Alkermes, comes after sales languished for years following FDA approval of Vivitrol about a decade ago.

Vivitrol is one of just a handful of drugs specifically developed and approved to treat addiction. In the first quarter, net sales of Vivitrol were nearly $59M, soaring 33 percent year-over-year. For the full year 2016, sales jumped 45 percent to nearly $210M. Second quarter numbers should be out shortly. By contrast sales of Suboxone, the top opiate medical treatment, are running a super blockbuster $1.5B a year, more than Viagra.

One area that has had high profile movement on Vivitrol has been within the justice system. Just the latest of dozens of similar developments in jail and prisons nationwide, LA County jail, the nation's second largest, is spending $500K on Vivitrol, which is a monthly injection of the opiate euphoria blocker naltrexone. It retails for $1,000 per injection, although it is likely that public wholesale buyers like jails and prisons may be paying significantly less.

Treatment Magazine

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