Potential partnership could create a five-state, $310 million non-profit organization serving more than 150,000 people
Centerstone and Seven Counties, two leading behavioral healthcare organizations, have signed a letter of intent to pursue an affiliation. By joining together, the two organizations will be able to better meet the needs of people of all ages and expand access to innovative services and programs in each of the communities they serve and across the nation.
“Seven Counties is a leader in the behavioral healthcare field, known for its dedication to quality care and service and for its commitment to innovations in how care is delivered to people of all ages,” said David C. Guth, Jr., CEO of Centerstone. “Centerstone and Seven Counties have a great deal in common, including a drive to advance not just how our organizations reach and serve the people in our communities, but how behavioral healthcare is provided across the nation. We are excited to have signed this letter of intent and to take the next step in exploring how a potential affiliation could benefit our organizations and our employees, clients and industry.”
If finalized, the Centerstone/Seven Counties affiliation would create an organization with 181 locations in Florida, Illinois, Indiana, Kentucky, and Tennessee and approximately $310 million in annual revenues. It would employ more than 4,500 people and serve an estimated 150,000 individuals of all ages.
“The healthcare field is changing rapidly,” said Anthony “Tony” Zipple, Sc.D., president and CEO of Seven Counties. “Seven Counties has made great strides in creating a pioneering service delivery model for individuals with a range of mental health and addiction concerns as well as those with developmental or intellectual disabilities. As part of Centerstone, we have an opportunity to take our organization and what we’ve developed to the next level, further strengthening the care we provide locally and making a greater impact on behavioral healthcare nationwide.”
Centerstone is one of the largest non-profit providers of behavioral healthcare in the nation. In operation for more than 60 years, it provides treatment, support and educational programs and services to more than 123,000 people in Florida, Illinois, Indiana, and Tennessee who have mental health and addiction disorders and developmental disabilities each. It also offers specialized services and support to service members, veterans and their loved ones nationwide.
Additionally, Centerstone operates Centerstone Research Institute, which specializes in improving healthcare through research and information technology, as well as subsidiaries dedicated to improving access to services and advancing patient care and outcomes, and establishing integrated care clinics to serve many physical and behavioral healthcare needs. Its philanthropic arm, Centerstone Foundation, secures philanthropic resources to fund Centerstone’s work and provides effective stewardship of donations and endowments.
Seven Counties Services provides behavioral healthcare, substance use and developmental services to more than 34,000 people in Kentucky counties including Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer, and Trimble. The largest non-hospital, not-for-profit employer in the Louisville Metro area, it is nationally recognized for its innovative and effective services and treatments. It employs nearly 1,400 clinical and administrative staff members who create and deliver quality, life-changing programs and services each year. Seven Counties is fully accredited by The Joint Commission.
With the letter of intent signed by their respective Boards of Directors, Centerstone and Seven Counties will conduct a period of due diligence and negotiate the terms of an affiliation agreement. This process, which includes standard legal and regulatory reviews, is expected to take 60-90 days.