Vertava Health sold three of its four residential addiction treatment centers as part of a scale-back and pivot strategy.
The Nashville-based mental health and addiction treatment company sold the facilities to Fort Lauderdale, Florida-based Regard Recovery in a deal that closed at the end of 2022.
Terms of the deal were not disclosed.
The move marks another expansive acquisition on the Regard Recovery side of the deal. On the Vertave Health side, it frees up the company to expand its mental health business and adjust its addiction treatment business trajectory.
