Jun 08, 2016
Mass.-based addiction treatment center expands nationally as opioid epidemic rages on
Two more opiate and alcohol treatment centers will be popping up in Massachusetts, as Northampton-based CleanSlate Centers looks to expand in the Bay State and nationally.
The outpatient treatment program, which provides medication-assisted treatments like Suboxone and Vivitrol to people with addictions to opioids and alcohol, received $10 million in Series B funding.
New York-based Apple Tree Partners led the round with participation from some individual investors, bringing total funding to date to $20 million.
The funding will help the organization open two more locations in Massachusetts in the next two months, one in Pennsylvania and three in Indiana, plus additional locations in five yet-to-be-announced states by the end of the year. The latest investment will also help CleanSlate nearly double its employee count from 275 to 500 by the end of the year.
The treatment center currently has 12 locations in Massachusetts, two in Pennsylvania and two opening soon in Indiana, treating over 5,000 patients to date.
“It was a company started in 2009 with a need (for substance abuse treatment), but with the flourishing of the need, that’s what allowed us to grow as quickly as we can, to provide the access of this needed care to the patients,” said Pat Murphy, chief financial officer for CleanSlate, in an interview. “The use of the funds is to support the expansion efforts needed to get our centers open to support the patients in need of this treatment.”
As to where new centers will go, Murphy said the company is still in the process of finalizing locations and leases, but that the company works with both state governments and insurers to determine where the need is greatest.
Murphy declined to disclose revenue figures for the companyAll news about CleanSlate Addiction Treatment Centers