CALIFORNIA COMPANY ACQUIRES NASHVILLE-BASED
OPIATE ADDICTION TREATMENT CENTERS
by Paige
Orr
Friday, 12/19/2003 -- San Jose, Calif.-based CRC Health Group has acquired National Specialty Clinics (NSC), a Nashville-based provider of methadone-based treatment for opiate addiction, for approximately $100 million.
NSC owns and operates 17 methadone-based clinics across six states.
Dr. Barry Karlin, CRC Health Group chairman and chief executive, said in a release, “This acquisition by CRC Health Group continues to operationalize the company’s strategy of building a nationwide network of treatment alternatives providing increased access to high quality care for those suffering from addiction to drugs and/or alcohol.”
The addition of the NSC clinics, which provide treatment to patients in states not currently served by CRC, brings to 48 the total number of methadone clinics owned by CRC. This transaction makes CRC the nation’s largest provider of methadone treatment with 20,000 methadone patients daily.
David Gnass, NSC’s CEO added, “We are extremely pleased. The linkage of NSC’s clinics to the CRC Health Group system allows methadone-based treatment to be connected to a greater scope of treatment services.”
************************************************************************************
Following is ReleaseWatch report from PR Newswire. Each time you
send a release over PR Newswire you will receive a similar report, arriving by
email about an hour after your news is issued.
ReleaseWatch sends you
links to your actual release as it appears on a select group of 20 sites we
sample for this report. The average report will show between 5 and 15
links within the 60-minute window during which we monitor for your news.
Feel free to share this report with others who may be interested in seeing
samples of your organization's message on the Web.
Release
headline: CRC Health Group, Inc. Acquires National Specialty
Clinics;
Now Nation's Largest Methadone and Traditional
Substance Abuse
Treatment Provider
PRN Release ID: DCF036
Release
clear time: 12/19/2003 15:42
To see your release as posted on the sites
below, click on a link or copy and paste it into your Web browser.
Site
name: Boerse
URL: http://nachrichten.boerse.de/anzeige.php3?id=dcf036xp2x1219200315&art=prnewswire
Site
name: CBS MarketWatch (requires registration)
URL: http://cbs.marketwatch.com/news/newsfinder/newsArticles.asp?guid=%7BE614FEAF%2D8F11%2D4BE8%2DAB5B%2DE62F24E9978A%7D&siteID=mkt&scid=2&doctype=183&property=symb&value=&categories=&
Site
name: DailyDeal.com
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=dailydeal.story&STORY=/www/story/12-19-2003/0002079083&EDATE=FRI+Dec+19+2003,+03:42+PM
Site
name: DallasNews.com
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=danews.story&STORY=/www/story/12-19-2003/0002079083&EDATE=FRI+Dec+19+2003,+03:42+PM
Site
name: Finance Canada
URL: http://finance.canada.com/bin/story?StoryId=Cp:kf0bWbmZuZCdKYmJe&Topic=PR_Newswire&Type=&Heading=News%20from%20PR%20Newswire&BC=PR%20Newswire
Site
name: Lycos
URL: http://finance.lycos.com/qc/news/story.aspx?symbols=PRNEWS:100&story=200312192042_PRN__DCF036
Site
name: MedicalDevices.org
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=MDMA.story&STORY=/www/story/12-19-2003/0002079083&EDATE=FRI+Dec+19+2003,+03:42+PM
Site
name: NBC6.com
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=NBC6.story&STORY=/www/story/12-19-2003/0002079083&EDATE=FRI+Dec+19+2003,+03:42+PM
Site
name: National Hispanic Corporate Council
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=NHCC-MTC.story&STORY=/www/story/12-19-2003/0002079083&EDATE=FRI+Dec+19+2003,+03:42+PM
Site
name: News Alert
URL: http://www.newsalert.com/bin/story?StoryId=Cp:kf0bWbmZuZCdKYmJe&FQ=v%25prn&Nav=na-search-&StoryTitle=PR%20Newswire&Title=PR%20Newswire
Site
name: PR Newswire
URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-19-2003/0002079083&EDATE=
Site
name: Yahoo!
URL: http://biz.yahoo.com/prnews/031219/dcf036_1.html
Important
note: If you forward a ReleaseWatch report, take care that the links are not
broken by the email program. If your email system adds spaces or
characters to offset forwarded text, the links may not work for the person to
whom you are forwarding the report.
Some sites display releases longer
than others; links will expire as sites rotate their content.
PR Newswire
sends member news to about 3,600 Websites, databases and online services in
addition to the comprehensive distribution to traditional media outlets reached
with your selected PR Newswire newsline. Every newsline also includes the
placement of your text, audio or video news on PR Newswire for Journalists, our
media-only Website which delivers over 950,000 views of member news releases
monthly to its registered base of more than 63,000 journalists. Additional
individual targeting is available.
ReleaseWatch is brought to you by
eWatch(tm), the Internet Monitoring service of PR Newswire. eWatch offers
comprehensive Internet monitoring, scanning Web publications around the globe
for pick-up and other content that appears with organization names, topics or
references in them.
*******************************************************************************************************************************************************
For
Immediate Release: December 19,
2003; Contact: Bob Weiner 301-283-0821 or
202-329-1700
CRC Health Group Acquires
National Specialty Clinics; Now
Nation’s Largest Methadone and Traditional Substance Abuse Treatment
Provider
(San Jose,
CA) -- CRC Health Group, Inc. today
announced the acquisition of National Specialty Clinics, Inc. (NSC) one of the
nation’s preeminent providers of methadone-based treatment for opiate
addiction.
NSC owns and operates 17 methadone-based clinics for
the treatment of opiate addiction across six states. “This acquisition by CRC
Health Group continues to operationalize the company’s strategy of building a
nationwide network of treatment alternatives providing increased access to high
quality care for those suffering from addiction to drugs and/or alcohol”, stated
Dr. Barry Karlin, CRC Health Group Chairman & CEO.
The addition of the NSC clinics, which provide
treatment to patients in states not currently served by CRC, brings to 48 the
total number of methadone clinics owned by CRC. This renders CRC the nation’s
largest provider of methadone treatment with 20,000 methadone patients daily.
CRC is also the largest nationwide provider of traditional residential and
outpatient treatment with another 35 facilities. With NSC, CRC will operate
coast-to-coast with facilities in 21 states.
David Gnass, NSC CEO added, “We are extremely
pleased. The linkage of NSC’s clinics to the CRC Health Group system allows
methadone-based treatment to be connected to a greater scope of treatment
services. CRC is on the forefront of developing innovative treatment services.
Our patients now will have access to all that CRC provides through its
ever-growing capacity.”
CRC Health Group offers the nation’s first fully integrated continuum of care for the treatment of drug and/or alcohol addiction. The CRC system currently includes 65 traditional residential and outpatient treatment facilities, medically assisted treatment for opiate addiction, and the online substance abuse treatment programs of eGetgoing. CRC services include detox, residential, partial hospitalization, day, outpatient and online treatment. All CRC facilities are fully accredited by either JCAHO or CARF. CRC is headquartered in San Jose, California and employs approximately 2,000 people. See http://www.crchealth.com or http://www.egetgoing.com or call 1-800-HELP-999.
National Specialty Clinics is a
Nashville based owner/operator of opiate addiction treatment centers.
These centers operate as outpatient, medication assisted clinics. NSC
currently treats over 9,000 patients and employs 350 professional staff
including physicians, pharmacists, counselors and nurses.
(Source: CRC Health Group and Robert Weiner Associates)