Substance use disorder (SUD) provider Praesum Healthcare Services announced its first acquisition, but it hinted that this is only the beginning for the company. Praesum’s acquisition was fellow SUD provider Beacon Point Recovery Center, picking up an existing 20-bed detox facility and 92 residential beds in the Philadelphia metro.
Until this point, Praesum has focused its expansion efforts almost exclusively on de novo growth, Behavioral Health Business reports.
But its entry into the M&A field signals a change in strategy from the Lake Worth Beach, Florida-based provider.
Praseum operates 33 facilities across six states and plans on adding one additional state in 2024. Its services include detox, inpatient, counseling and residential care. It operates on a managed services organization (MSO) model. Read more.
