Devereux Cleo Wallace to Close Two Colorado Facilities

July 5, 2004 Devereux Cleo Wallace to Close Two Colorado Facilities Devereux Cleo Wallace, the treatment center for many of Colorado's most troubled kids, will close its Colorado Springs campus and an inpatient center in Westminster (Colorado). In an announcement on May 4, 2004, company officials blamed the residential centers' financial woes on state payments that don't cover the cost of treatment. "This decision is based on chronic funding shortages, combined with a reduced emphasis on residential treatment in mental health care," said Cleo Wallace executive director Andrew Braun. "Because Colorado reimbursement rates are approximately $100 per day . . .