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Latest Pinnacle Treatment Centers News

Pinnacle Treatment Centers Acquires MBA Wellness Center in Georgia

Dec 8, 2022

By National expansion driven by Pinnacle’s commitment to provide affordable, accessible addiction treatment for underserved communities MOUNT LAUREL, N.J.–(BUSINESS WIRE)– #Medicaid — Pinnacle Treatment Centers , a leading provider of community-based drug and alcohol addiction treatment services, announced today it has acquired MBA Wellness Center in Stockbridge, Georgia. Founded in 2010, MBA Wellness Center is a privately-owned, outpatient opioid addiction treatment program located approximately 20 miles south of Atlanta in Eagle’s Point Professional Building at 1233 Eagles Landing Parkway. The center serves more than 130 patients daily. “MBA Wellness provides exceptional service and compassionate care. The team is not only mission-driven and dedicated but expert at treating opioid addiction,” said Joe Pritchard, CEO of Pinnacle and an individual in addiction recovery for 47 years. “Drug overdose deaths continue to increase across the country and in the state of Georgia, and affordable, accessible treatment is needed now more than ever. We’re privileged to join the community of Stockbridge, continue the good work that’s been done there over the years, and restore more lives.” Pinnacle entered the Peach State in August 2020 when it purchased HealthQwest , an opioid addiction treatment provider with five locations. MBA Wellness Center will take the HealthQwest name, and together, the six centers will help more than 1,300 patients every day overcome opioid use disorder. This is Pinnacle’s second acquisition in six months. In June 2022, Pinnacle moved into its ninth state by adding Stepping Stone of North Carolina to its network of care. This acquisition increases Pinnacle’s reach in treating those suffering from substance use disorder and advances its mission of making recovery possible for anyone who needs it. According to an Atlanta news outlet, the Georgia Department of Public Health found between May 1, 2020 and April 30, 2021, overdose deaths involving fentanyl jumped by 106.2 percent, compared to the same time period the previous year. Through medication-assisted treatment (MAT), MBA Wellness, now HealthQwest, provides evidenced-based medications—methadone and buprenorphine—in coordination with long-term counseling to help individuals overcome the disease of addiction to opioids and achieve sustained health and wellness. MAT is considered to be the gold standard of treatment for opioid use disorder. Methadone and buprenorphine curb withdrawal symptoms from heroin and opioid addiction; prevent relapse; and quell the physical discomfort that frequently accompanies recovery from opioid abuse. Like other Pinnacle programs, HealthQwest accepts Medicaid and Medicare, and offers reasonable self-pay rates. Anyone seeking addiction help can call Pinnacle’s 24/7 Access Center at 800-782-1520. The HealthQwest clinic in Stockbridge (formerly MBA Wellness Center) can be reached at 770-474-4009. Pinnacle continues to expand through de novo centers and acquisitions. Anyone interested in potential partnerships can contact Amber Philpot, Vice President of Corporate Development and Strategy, at [email protected] About Pinnacle Treatment Centers Headquartered in New Jersey, Pinnacle Treatment Centers is a recognized leader in comprehensive substance use disorder treatment serving more than 35,000 patients daily in California, Georgia, Indiana, Kentucky, New Jersey, North Carolina, Ohio, Pennsylvania, and Virginia. With more than 135 community-based locations, Pinnacle provides a full continuum of quality care for adults including medically-monitored detoxification/withdrawal management, residential treatment, partial hospitalization with supportive housing, intensive and general outpatient programming, and outpatient medication-assisted treatment (MAT) for opioid use disorder. For more information, visit pinnacletreatment.com. Contacts

Pinnacle Treatment Centers Acquisitions

1 Acquisition

Pinnacle Treatment Centers acquired 1 company. Their latest acquisition was Recovery Works on August 28, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

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8/28/2012

$99M

Acquired

Date

8/28/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

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