Clearview Capital Fund III, L.P. (“Fund III”) announced Tuesday the acquisition of IHP-Med-Psych-Solutions, Inc., dba Restorative Health and Recovery (“RHR”), by its portfolio company, Community Medical Services (“CMS”). The ransaction closed on April 13, 2020. CMS is a leading provider of medication-assisted treatment programs for patients suffering from opioid use disorder (“OUD”), operating 40 treatment facilities in nine states. Excluding RHR, all CMS locations are licensed as opioid treatment programs (“OTPs”), which provide individual and group counseling and peer support programs concurrent with regularly scheduled dispensing of FDA-approved medications to aid in the recovery journey. Founded in 2007, RHR is an office-based opioid treatment (“OBOT”) provider located in Kent, Ohio. “We are excited about the addition of RHR to the CMS platform. First, it expands our presence in Ohio, a state that has been ravaged by the opioid epidemic,” said Nick Stavros, CMS CEO. “Secondly, it allows us to explore the OBOT model as another solution for patients suffering from OUD. 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.”
Read the full article: Clearview Capital-Backed Community Medical Services Expands Service Offering with Acquisition of Ohio-Based OBOT //
Source: https://clearviewcap.com/images/pdfs/Clearview_Capitals_CMS_Acquires_RHR-_5.5.20.pdf