Trending...
- Nano-technology alliance of Supreme Pharmatech and Professor M.R.Mozafari, a global nano technology expert
- Naperville Police Charge Northbrook Man in 2020 Bakery Burglary
- Dr. Kathryn Wade Joins Childcare Physicians
Pandemic Exacerbates Scarcity of Substance Abuse Inpatient Treatment Facilities Nationwide
KANSAS CITY, Mo. - illiNews -- COVID-19 is fueling an explosion in drug overdose deaths nationally. Drug overdose deaths soared nationally to the highest number ever recorded.
It's been "like pouring gasoline on a fire," says Lane Slaten founder and CEO of CWMN LLC, national developer of behavioral health inpatient facilities.
The CDC says the latest numbers suggest an acceleration of overdose deaths during the pandemic. Nationwide, they rose 26% in the 12 months ending in May. Covid circumstances have more people seeking addiction and mental health help, but treatment centers are in short supply, which is exacerbating opioid overdose deaths. "The problem is there is an enormous shortage of substance abuse inpatient treatment facilities nationwide," said Slaten.
In this covid climate, there has been a flood of private equity (PE) investment paying close attention, and private-equity firms are starting to pile into the new business opportunity of addiction treatment facilities, drawn by soaring demand, expanded insurance coverage, and the chance to consolidate a highly fragmented market. The firms are acquiring or expanding clinics that provide everything from detox and residential care to outpatient and methadone treatment. In some cases, private-equity firms have approached not-for-profit outfits in an attempt to buy and convert them to for-profit entities, say treatment-center executives.
More on illi News
Mr. Slaten is positioning himself to become the "driving force" in growing turnkey-ready inpatient facilities from coast-to-coast. "I'm committed to developing up to three large residential care facilities a year to help dampen the coming inferno post covid," Slaten explained. Currently he is finalizing the development of his second inpatient facility in the Kansas City Metropolitan Area. It's a 86,000 SF turnkey-ready 120 bed capacity residential care facility that was recently listed on LoopNet.com for $7,900,000. More property information can be found at www.InpatientFacility.com or take a quick video tour.
For More Info Contact:
Lane Slaten
CWMN, LLC
Founder & CEO
913-444-9911
Lane's LinkedIn: @lane-slaten
It's been "like pouring gasoline on a fire," says Lane Slaten founder and CEO of CWMN LLC, national developer of behavioral health inpatient facilities.
The CDC says the latest numbers suggest an acceleration of overdose deaths during the pandemic. Nationwide, they rose 26% in the 12 months ending in May. Covid circumstances have more people seeking addiction and mental health help, but treatment centers are in short supply, which is exacerbating opioid overdose deaths. "The problem is there is an enormous shortage of substance abuse inpatient treatment facilities nationwide," said Slaten.
In this covid climate, there has been a flood of private equity (PE) investment paying close attention, and private-equity firms are starting to pile into the new business opportunity of addiction treatment facilities, drawn by soaring demand, expanded insurance coverage, and the chance to consolidate a highly fragmented market. The firms are acquiring or expanding clinics that provide everything from detox and residential care to outpatient and methadone treatment. In some cases, private-equity firms have approached not-for-profit outfits in an attempt to buy and convert them to for-profit entities, say treatment-center executives.
More on illi News
- The Best Virgin Hair Vendors 2021
- New workwear brand LIBAERTY for women in heavy-duty industries launches during Women's History Month
- Discover to Open New Customer Care Center in Chicago's Chatham Neighborhood and Bring Nearly 1,000 Full-time Jobs to the Area
- ACS Lawyer In Brooklyn Announces Dismissal of OCFS Case
- Liquid Core® Gum Company announces TDA Boulder Creative Director Jonathan Schoenberg has joined its Advisory Board
Mr. Slaten is positioning himself to become the "driving force" in growing turnkey-ready inpatient facilities from coast-to-coast. "I'm committed to developing up to three large residential care facilities a year to help dampen the coming inferno post covid," Slaten explained. Currently he is finalizing the development of his second inpatient facility in the Kansas City Metropolitan Area. It's a 86,000 SF turnkey-ready 120 bed capacity residential care facility that was recently listed on LoopNet.com for $7,900,000. More property information can be found at www.InpatientFacility.com or take a quick video tour.
For More Info Contact:
Lane Slaten
CWMN, LLC
Founder & CEO
913-444-9911
Lane's LinkedIn: @lane-slaten
Source: CWMN, LLC
Filed Under: Health
0 Comments
Latest on illi News
- Tech Startup Mokusei Intelligence Announces the '$500 Press Challenge'
- Tech Startup to Offer Up To 100% Funding Aid to Individuals for Covering Their Education or Travel Expenses
- Sandline Welcomes IT Veteran Ralf Kaiser as CTO
- Prairie Represents Endurance Technologies, Inc. In Its Sale To Polytek Development Corporation
- inquirED Provides Guidance on Choosing Social Studies Instructional Materials
- Naperville Police Make Weapons Offense Arrest
- Americans Seek Renewed Financial Balance After a Year of COVID-19, Recession
- ChartSpan Announces Partnership with Kentucky Hospital Association
- Mental Health Advocate Offers Hope to Millions with Book Detailing Trials and Triumphs on His Journey to Leading a Meaningful Life
- Naperville Fire Department Responds to Ogden Avenue Motel Structure Fire
- First Trust Launches the FT Cboe Vest Gold Strategy Target Income ETF®(IGLD)
- U.S. Remodeler Index (USRI) Signals a 10 Percent Market Surge in 2021
- Construction Technology Startup Mosaic Hires Real Estate Veteran as First CFO
- The Blood On Our Hands, Part II: Paul Kagame and Violence in the Great Lakes Region of Africa
- First look: Clark Nexsen completes engineering building at NC State University
- Will the World Step in and Save Paul Rusesabagina?
- Chicago Interior Designer Wins International Award
- New Website Provides Consumers with Insurance Information and Access to Local Agents
- MCAP Acquisition Corporation Announces Closing of $316,250,000 Initial Public Offering
- Is the "Escape Plan" the setup for Rwanda to kill Paul Rusesabagina?