Community Medical Services has acquired Restorative Health and Recovery, an office-based opioid treatment (OBOT) provider in Kent, Ohio. The deal was announced this week by Clearview Capital Fund III. Community Medical Services is a Clearview portfolio company.
The acquisition will allow Phoenix-based CMS to explore the OBOT model for patients with opioid use disorder, CEO Nick Stavros said in a news release announcing the transaction.
“We have the opportunity to expand this model to other markets within our footprint to provide care for individuals we may not otherwise reach with our current system,” Stavros said in the release.
In addition to its new acquisition of the Restorative OBOT program, CMS operates 40 opioid treatment programs in nine states, providing individual and group counseling, peer support and medication-assisted treatment.
The M&A activity across healthcare sectors continue to drive strong valuation and strategic options for business owners. Considering a sale, merger or recapitalization? If your business is ready, the market opportunities and strategic options in the current market are worthy of your consideration.
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