Centerstone To Merge With Two Illinois Organizations: Prairie Center & WellSpring Resources

On May 8, 2015, non-profit Centerstone announced it had signed a letter of intent to explore merging with two Illinois-based, non-profit behavioral health provider organizations: Prairie Center and WellSpring Resources. The letter of intent allows Centerstone, Prairie Center, and WellSpring Resources to complete due diligence and finalize a merger agreement; the process is expected to take at least two months. Centerstone is also in the process of finalizing an affiliation with a Florida-based, non-profit provider organization, Manatee Glens, which is expected to close during the summer of 2015. With the addition of the two Illinois . . .