Industry Bulletins | October 19, 2022
AtlantiCare Acquires John Brooks Recovery Center In Southern New Jersey
AtlantiCare and John Brooks Recovery Center (JBRC) finalized their agreement for AtlantiCare to acquire JBRC. JBRC will now be known as John Brooks Recovery Center, a member of AtlantiCare. The acquisition expands AtlantiCare’s mental health and addiction treatment service capacity. Financial terms of the acquisition were not disclosed. The two organizations had signed a letter of intent on January 18, 2022.
The two organizations had been partnering on care for individual consumers within their shared service areas. JBRC chief executive officer Michael Santillo has become director II for AtlantiCare. Mr. Santillo will oversee the JBRC team and play a . . .