|Addiction Treatment Industry Newswire|
|02/19/2014 -ATIN – The founder and developer of Alta Mira Recovery, a Sausalito addiction treatment center that broke the size barrier at 48 beds in a highly aggressive use of the California Six-Bed Model of luxury care, is looking to make lightening strike twice in a conversion of a former luxury retreat center into a high end facility with nearly 80 beds of capacity. Over the last couple of weeks, Ray Blatt’s Stillpath Recovery Center plan won a key vote of the San Mateo County Commission seeking permission to convert the Stillheart Retreat Facility, a choice 17-acre, 14 building site nestled in a redwood forest that Blatt bought last year from Stillheart, a non-profit that will still run its remaining retreat facility in Hawaii.
Another Quick Flip?
When Blatt opened Alta Mira – Blatt is a real estate developer by trade who was opened to the financial possibilities of addiction treatment when he paid the steep Sierra Tucson bill of a significant other – he did not run the treatment operation for long at all, quickly in late 2008 entering into a management contract with Foundations Recovery Network. But Foundations pulled out of that deal in early 2009 due to lack of census and Alta Mira is now controlled by
Constellation Behavioral, a collection of private equity-backed addiction treatment properties whose most recent effort has been the opening of a small new adolescent facility north of San Francisco. While Blatt did not
immediately respond to an email seeking comment on his Stillpath Recovery Center plans, the question on everyone’s lips is, if he can get past what is shaping up to be a possibly significant NIMBY response, will he seek to own and operate Stillpath or will he seek another management deal or even a quick flip of what is admittedly an outstanding property for luxury addiction treatment?
Congested Northern California High-End
When Blatt opened Alta Mira there was very little Six-Bed Model luxury addiction center competition in the San Francisco Bay, with just one other major center having been previously opened in the area. The San Francisco/Silicon Valley region now has a plethora of higher end competition with existing centers, as well as other newly proposed centers on the way.
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