De­vel­oper raises $100M for re­hab cen­ters

Brian O’Neill’s Re­cov­ery Cen­ters of Amer­ica has opened 3 fa­cil­i­ties with plans mov­ing for­ward for more

Daily Local News (West Chester, PA) - - FRONT PAGE - By Brian McCul­lough bm­c­cul­lough@21st-cen­tu­ry­media.com @wc­dai­ly­lo­cal on Twit­ter

The de­vel­oper who’s build­ing a net­work of drug re­hab cen­ters raised an­other $100 mil­lion for the en­ter­prise.

The re­gional de­vel­oper who’s build­ing a net­work of drug re­ha­bil­i­ta­tion cen­ters said Tues­day he has raised an­other $100 mil­lion for the en­ter­prise.

Brian O’Neill, whose de­vel­op­ment com­pany is based in King of Prus­sia, said his Re­cov­ery Cen­ters of Amer­ica raised the money from Deer­field Man­age­ment Co., the New York-based health care in­vest­ment firm with more than $6 bil­lion un­der man­age­ment.

The new fund­ing com­mit­ment in­creases the to­tal cap­i­tal avail­able to Re­cov­ery Cen­ters of Amer­ica, or RCA, to $331.5 mil­lion. The orig­i­nal $231.5 mil­lion com­mit­ment to RCA from Deer­field was one of the largest health care in­vest­ments of 2015.

“We’re do­ing what we can to ad­dress this as­tro­nom­i­cal epi­demic,” O’Neill said Tues­day. “We’re open­ing as fast as we can.”

So far, the new re­hab com­pany has opened three cen­ters. The in­cre­men­tal cap­i­tal com­mit­ment will be used to build ad­di­tional RCA treat­ment cen­ters in the Philadel­phia, South Jersey, Bos­ton, and the Greater Mid-At­lantic re­gions.

“We’re do­ing what we can to ad­dress this as­tro­nom­i­cal epi­demic. We’re open­ing as fast as we can.” – De­vel­oper Brian O’Neill

In March, RCA opened Light­house in Mays Land­ing, New Jersey, which it said is op­er­at­ing at ca­pac­ity, with plans to dou­ble its bed count.

Brace­bridge Hall, a con­verted Ge­or­gian man­sion that sits on 550 acres over­look­ing the Sas­safras River on Mary­land’s East­ern Shore, opened in mid-Oc­to­ber, and West­min­ster, a 90bed ad­dic­tion treat­ment cen­ter in Mas­sachusetts, opened in late Oc­to­ber.

“We are ex­tremely pleased

by Deer­field’s con­tin­ued com­mit­ment to help RCA re­al­ize its ex­tra­or­di­nary vi­sion of bring­ing cam­puses for ad­dic­tion treat­ment and re­cov­ery to com­mu­ni­ties through­out the North­east,” Deni Carise, chief clin­i­cal of­fi­cer of RCA, said in a state­ment. “Over 23 mil­lion Amer­i­cans bat­tle ad­dic­tion. It’s de­stroy­ing in­di­vid­u­als, tear­ing apart fam­i­lies, and dev­as­tat­ing com­mu­ni­ties. We are in the midst of a na­tional epi­demic. In re­sponse, RCA is build­ing a na­tional net­work of neigh­bor­hood-based, fives­tar treat­ment fa­cil­i­ties to com­bat the prob­lem – this fund­ing will help the com­pany

achieve its goal.”

Within the greater Philadel­phia re­gion, RCA is work­ing on new lo­ca­tions.

In late Septem­ber, it was re­ported O’Neill Prop­er­ties had pur­chased Devon Manor, a nurs­ing home and re­ha­bil­i­ta­tion cen­ter in East­town. O’Neill said Tues­day RCA ex­pects to open the fa­cil­ity to 250 pa­tients in the late spring or early sum­mer. It also plans to break ground next spring on a cen­ter for 130 pa­tients near the Paoli Hos­pi­tal in Wil­lis­town.

The com­pany, mean­while, will not build on a pro­posed site in Had­don­field, New Jersey, af­ter set­tling out of

court but it is cur­rently su­ing Glouces­ter Town­ship in New Jersey af­ter its plan­ning board voted to deny RCA’s plan to open an ad­dic­tion treat­ment fa­cil­ity there. The suit claims the plan­ning board’s de­nial of plans to ren­o­vate an ex­ist­ing struc­ture to house a be­hav­ioral health cen­ter with 37 beds vi­o­lates the Fair Hous­ing Act and the Amer­i­cans with Dis­abil­i­ties Act.

Re­cov­ery Cen­ters of Amer­ica said its op­er­a­tion is based on the lat­est sci­en­tific re­search that in­di­cates sus­tained re­cov­ery is more likely when pa­tients stay con­nected to and sup­ported by fam­ily and friends while build­ing other, on­go­ing sup­port net­works.

Its team is com­prised of clin­i­cians, sci­en­tists, re­searchers, hos­pi­tal op­er­a­tors, fi­nan­cial ex­perts, and pol­icy mak­ers. RCA has as­sem­bled an ad­vi­sory board drawn from in­sti­tu­tions such as Penn, Co­lum­bia, Har­vard, Yale, UCLA, Dart­mouth and VCU to guide its man­age­ment team.

“RCA shares Deer­field’s goal of cre­at­ing and sup­port­ing busi­nesses that can trans­form health care, by de­liv­er­ing more ef­fec­tive and af­ford­able pa­tient out­comes through in­no­va­tive care mod­els,” said Les­lie Hen­shaw, a part­ner at Deer­field, in a pre­pared state­ment. “RCA is well on the road to up­root­ing con­ven­tional re­cov­ery treat­ments with bold new ap­proaches de­signed to save lives and stem the epi­demic of ad­dic­tion af­flict­ing our coun­try.”

SUB­MIT­TED PHOTO

Re­cov­ery Cen­ter of Amer­ica’s Brace­bridge Hall over­looks the Sas­safras River on Mary­land’s East­ern Shore.

SUB­MIT­TED PHOTO

RCA’s Light­house in Mays Land­ing, New Jersey, opened in March.

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