Trending...
- Flags Lowered for Spokane County Sheriff Deputies
- Technical Brief Examines Enterprise Integration Challenges as AI Agent Platforms Expand
- ARADIA (Est. 1991) Launches First B2A Partner Program for AI
Pandemic Exacerbates Scarcity of Substance Abuse Inpatient Treatment Facilities Nationwide
KANSAS CITY, Mo. - Washingtoner -- 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 Washingtoner
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 Washingtoner
- LCH2 Awarded Additional $1 Million to Advance Lewis County Clean Energy Campus
- Security Planning Tips For Your Holiday Event From Access Patrol Services
- Tacoma: Council Member Sandesh Sadalge Focuses Today's District 4 Town Hall on the City's Biennial Budget
- City of Tacoma Awarded $2.25 Million in Federal Highway Safety Improvement Program Grant Funding for South 21st Street Corridor
- New Self-Service Sandbag Station at Tacoma Recovery and Transfer Center
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 Washingtoner
- The Fifth Annual "Bamboo Lantern Festival" to Illuminate Tokyo Mizumachi and Sumida River Walk®
- Iglesia.com Positioned in Multimillion-Dollar Domain Market with $10 Million Asking Price
- TCA VG: 2025 Funding Climbs to $9M across 43 Companies; Cumulative Returns Reach 5.3 MOIC & 22% IRR
- Searching for the Next LBE Creator: CalArts Launches First-Ever D.R.E.A.M.S. Pitch Competition
- Spokane: Gesa Pavilion Concert Series Welcomes New Concert Promoter
- Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales
- Commercial Sales Launch Following FDA Approval; National Sales Force Now in Action as January Shipments and Major Market Opportunity Take Shape
- ViewDNS.info Launches Monitors, Alerting Teams the Moment Something Changes on Their Domains
- Kindering's 21st Luncheon Raises $220,000+ to Support Children with Disabilities and Their Families
- Philadelphia-Area Entrepreneur Nouho M Kanneh Builds $37 Million Net Worth Across Real Estate, E-Commerce and Retail
- Contracting Resources Group Named a 2027 Elev8 GovCon Honoree by OrangeSlices
- The World's No.1 Superstar® Brings Christmas Back in Grand Style with Music, Cinematic Glamour, and Luxury Fashion
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)
- Christmas Beats Summer in Paris: Travel Photoshoots Peak on Dec. 30
- Qscription Technologies Welcomes Joanna Krause, MD, MRMD to Its Clinical Advisory Board
- Jamie Foxx's SKVLK Fest Sets the Record Straight on Stabbing Reports Following Star-Studded Celebration
- Andrew Balzano Releases One of My Life's Passions: Classics and Mysteries, a Fan's Guide to Great Mysteries Worth Rewatching
- Spokane: City Details Veterans Day Schedule
- The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th
- Romanian Software Company ASSIST Software Ranks Second Nationally Among Large Enterprises in Its Category