Health, Wellness and Fitness - , ,
Convalo operates in the highly fragmented and fast growing US outpatient addiction rehabilitation market. The fast growth of the industry was triggered by the recent regulations in the US, including ObamaCare and the Parity Act, that require private health insurance companies to treat many mental health disorders on parity with physical disorders.Convalo plans to continue to consolidate specific sectors of the addiction treatment market in major cities across the US. Many of these companies are currently owned or managed by individual therapists who try to run them as an adjunct to their private practice, with limited marketing efforts.The first acquisition of a center located in Hollywood, California, is open and serving patients for the treatment of addictive and co-occurring disorders under the brand name BLVD Centers (www.blvdcenters.com). The BLVD philosophy emphasizes mindfulness, meditation, trauma work, giving back, creative self- expression and community, all to achieve a deeply soulful and sustainable recovery. In conjunction with the time tested 12-step approach, BLVD also offers additional insurance-reimbursed groups for a variety of communities: gender specific, creatively oriented, meditation/mindfulness and LGBT affirmative. BLVD offers access to transportation, sober companions, and a wide range of services helpful to the recovery process to their clients.BLVD's flagship location at in the heart of Hollywood, California right on Highland and Hollywood Blvd features outdoor lounging patios with fireplaces and retractable awnings, a cross training gym next door and a luxury spa across the street. The neighborhood has countless restaurants, movie theaters, salons, stores and cafes within walking distance.Other potential acquisition targets in Los Angeles or other cities may cater to other specific market segments, or to the general outpatient market, depending upon demand and market opportunities.
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