Recovery Centers Of America To Open First Addiction Rehabilitation Facility In July 2016

On December 16, 2015, Recovery Centers of America (RCA) announced that it plans to open its first addiction treatment facility, RCA at Bracebridge Hall in Maryland, in July 2016. At that time, RCA also announced it received a $231.5 million investment commitment from Deerfield Management Company. Previously the company has acquired seven development sites in the northeastern United States, and by the end of 2017 the company anticipates operating more than 1,200 residential treatment beds.

RCA at Bracebridge Hall is located in Earlville, Maryland on the Chesapeake. RCA purchased the property in June 2015; financial terms for the . . .