Behavioral Health Business July 15, 2024
Ethema Health Corporation (OTCQB: GRST) has agreed to buy Kentucky-based alcohol and substance use disorder (SUD) provider Edgewater Recovery Center. The terms of the deal were not disclosed.
Florida-based Ethema had previously set a target of expanding to 500 beds by the end of 2025. The deal significantly exceeds that goal, boosting the provider’s capacity to almost 600 beds between the two states.
“To say that this opportunity is massive is an understatement,” Shawn Leon, CEO of Ethema, said in a statement. “This will propel us to the 500-bed target much sooner than we anticipated. We know this is big growth, but we will be sure to stick to our principles in developing this opportunity.”
Ethema’s subsidiary, Addiction Recovery...
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