Announced
Completed
Financials
Tags
Acquisition
mental health disorder
Joint Venture
United States
Majority
Friendly
Health Care Facilities
treatment solutions
Private
Completed
Single Bidder
Synopsis
Maryland Addiction Recovery Center, the leader in long-term care for addiction and co-occurring disorders, agreed to form a new joint venture with Caron Treatment Centers, which provides life-saving addiction and behavioral healthcare rehab in several locations, with a goal to acquire Encore Recovery Solutions, an addiction treatment center for co-occurring disorders, drug abuse & more. This new partnership between MARC and Caron Treatment Centers finalizes the acquisition of Encore Recovery Solutions, following the joint management agreement of Encore announced in April. The acquisition expands both MARC’s and Caron’s strategic alliance and furthers both the organization's abilities to provide innovative and personalized treatment and recovery services, awareness initiatives, and advocacy efforts in Maryland, Washington, DC, and Northern Virginia.
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