AtlantiCare to Acquire John Brooks Recovery Center

AtlantiCare signed a letter of intent with John Brooks Recovery Center for AtlantiCare to acquire and become the parent company of JBRC, allowing it to enhance care for the growing population in need of substance use disorder and other behavioral health services, according to a Tuesday announcement from the Egg Harbor-based health care system, reports ROI NJ. Pending the signing of a definitive agreement and attaining regulatory approvals, AtlantiCare and JBRC expect to complete the transaction in early 2022. JBRC provides clinically driven treatment options through two outpatient centers and one residential treatment facility. Read more.

Total
0
Shares
Related Posts
Read More

StoneBridge Healthcare makes Care New England $550M Bid

Rhode Island Attorney General Peter Neronha last week denied the application for the merger of Lifespan and Care New England, saying the merged company would have so much market power that it would be in violation of state and federal antitrust laws.
Read More

Walgreens Sells Remaining Stake in Option Care Health for $330M

The drugstore chain announced it sold 10.8 million shares of Option Care Health and plans to use the proceeds primarily for debt paydown, continued support of the company's strategic priorities and to help fund its healthcare-focused business initiatives.