Addiction Treatment Industry Newswire |
09/03/2013 -ATIN – Foundations Recovery Network, FRN, one of the nation’s largest for-profit pure play addictio![]() Mergers No Comment In a cat-and-mouse exchange, Waggener steadfastly, and with good humor, refused to answer a barrage of reporter’s questions concerning possible FRN mergers and acquisition activity, which is the subject of never ending speculation in addictions executive suites following last summer’s blockbuster news that the Pritzker family of Chicago acquired FRN. Literally among the world’s very top investment dynasties with a market-moving multi-billion dollar fortune founded on the Hyatt hotel chain, family scion Nick Pritzker did not buy FRN to stand still, Waggener made clear to Treatment Magazine at the time of the deal. Treatment Magazine considers that the Pritzker FRN Following the Client “We are a national medical services provider, getting our clients from all over,” says Waggener, pointing out that FRN’s marketing and patient acquisition efforts cast a wide net throughout the country. In order to follow the client and provide chronic disease model step-down levels of care, Waggener says FRN will have to literally follow its residential clients home by opening a nationwide network of outpatient clinics. Of course, the outpatient clinics will also service the localities in which they operate not only relying on FRN residential graduate clientele and, thus, FRN will be able to follow the trend that Obamacare seeks to implement, which is a shift toward treating addiction before highly acute detox and residential interventions become necessary. Indeed, Obamacare is seeking overall to rid addictions of its “orphan” status within the healthcare system, with a greater integration of care into med surg and primary care doc offices. Outpatient Locations FRN has for a long time had an outpatient operation in Atlanta and operates outpatient where it has residential locales in POST YOUR COMMENTS BELOW… start a debate! Got Addiction News? …TELL US! |
FRN in Outpatient Push Amidst Intense Merger Speculation
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