Landmark Recovery is on the fast track to expansion.
Despite looming staffing shortages in the behavioral health nursing space, the substance use disorder (SUD) provider is bullish about organic growth. It’s looking to exponentially expand both its geographical footprint and treatment area in the next few years, reports Behavioral Health Business.
But, unlike other operators, Landmark CEO and co-founder Matthew Boyle said the provider doesn’t plan to use M&A or telehealth as an expansion tool.
The company started this year with eight facilities and is planning to have 16 facilities by the end of the year. Its expansion plans for next year are even more ambitious. Boyle said the company will have 40 facilities by the end of 2023.
“We’re opening one a month right now,” Boyle said. “We expect to increase that pace from one-a-month to two-a-month sometime in the first quarter of next year. And we see several years of being able to grow at that pace before we kind of run into what we believe is the natural balance of supply and demand.” Read more.
