Community Health Network Acquires Fairbanks to Expand Addiction Treatment Services

VCBeat (WeChat ID: vcbeat) learned from foreign media that on November 14, 2019, local time, Community Health Network, a nonprofit health organization headquartered in Indianapolis, Indiana, announced the acquisition of Fairbanks, a local addiction treatment service provider. The acquisition is expected to be completed by December 31, with financial details yet to be disclosed by both parties.

It is reported that Community Health Network’s acquisition aims to provide patients with more comprehensive addiction treatment services and enable them to receive care for severe mental illness. Meanwhile, Fairbanks patients also gain access to Community Health Network’s primary care system and online medical specialist services.

“In short, the strategic thinking behind this acquisition is to integrate two excellent organizations,” said Jason Fahrlander, Chief Operating Officer of Community Health Network. “Fairbanks has done many commendable things, and together we can expand our operational footprint and create more comprehensive healthcare services.”

“Fairbanks President and Chief Executive Officer Barbara Elliott stated, ‘Our mission has always been to inspire hope in patients and transform their lives. This merger enables us to provide a broader range of behavioral health services, further enhancing our clinical capabilities to improve patients’ lives in more meaningful ways.’”

It is understood that following the completion of this acquisition, Fairbanks will continue to operate under its existing name, with no substantial changes expected to its underlying operational assets. Community Health Network will provide employment for all Fairbanks employees.

Furthermore, this transaction represents Community Health Network’s latest initiative in behavioral healthcare. Earlier this year, the organization partnered with the Indiana University School of Social Work and the University of Indianapolis to launch a new College of Behavioral Health and a psychiatric inpatient unit.

Community Health Network, established in 1956, is a non-profit healthcare organization that operates seven hospitals in Indiana, along with dozens of physician clinics, urgent care centers, and immediate care clinics. The organization also provides an online platform to help patients schedule appointments and pay bills, and offers financial assistance to patients in need.

Fairbanks is a nonprofit alcohol and drug addiction treatment center. Founded in 1945, it is one of the oldest independent alcohol and drug addiction treatment centers in the United States. In 2016, Fairbanks launched Hope Academy, a charter school for adolescents in addiction recovery, making it the only school of its kind in Indiana.

(Compiled by Hu Lushuang)