Treatment Abuse, Behavior Modification, Thought Reform > Aspen Education Group
CRC Health Annual Report: "Highly Leveraged"
Anonymous:
--- Quote from: "Guest" ---Boo HooHoo, did we hurt your feelings? A little too thin skinned to handle a disagreement. You going to jump up and down now and blame your life on the industry.. or no wait!! blame your parents!! But whatever you do never take any responsibility yourself. Non of it was your fault, it just has to be someone elses. right?
--- End quote ---
Wtf? I'm handling it just fine. I'm not blaming anything on anyone except YOU, I blame you for what you are doing here -- trying to tell people what to post and what not to post. Kindly shove off and quit trying to bait people. You sound like a programmie for sure, though.
Whooter:
In response to the original post:
Opioid replacement therapy is a "Cash Cow" and has become a monopoly in itself. Methadone addicts have proven time and again that they are more willing to go without electricity and even food to get the opiates they need. So methadone clinics are a solid business and a good place to park your money because it is highly leveraged subjected to high rates of return.
Looking to change its face and get away from the word “clinic” the opiate divisions are moving to the name “CRC’s outpatient division”. The clinics from now on will be comprehensive treatment centers, offering outpatient detox, to handle the fast growing demand for specialty methamphetamine care. In October, CRC admitted its first two patients into outpatient treatment at the methadone clinics.
If they can change the image of the opioid type clinics they may make a better impression on the neighborhoods and make it easier to be accepted.
But recent filings with the Securities and Exchange Commission reveal that methadone maintenance has for the last several years been a very central mainstay of CRC’s operations........ The filings also reveal that methadone is by far the most profitable segment of CRC’s now far flung addiction treatment business. ....... CRC grew its methadone operation by about 130 percent, with annual opiate revenues reaching almost $84 million, which equaled 40 percent of CRC’s sales ...... However, during the same period, operating profits from the methadone segment soared by 240 percent, suggesting that CRC has been able to bring substantial economy of scale efficiencies to the business. Marketing prowess also comes into play, as 82 percent of clients are private pay, with clinics averaging 428 clients each, twice the industry norm. And the profitability of CRC’s methadone business far outstrips that of its residential segment, with operating margins from the opiate division reaching an eyepopping 37 percent ...... versus the 26 percent operating margins registered by residential treatment. Despite Karlin’s protestation that debt leverage at CRC has been “modest,” the company has in fact for years been quite a leveraged enterprise, reflecting the desire of big institutional and private equity investors like Credit Suisse, the Ontario Municipal Employees Retirement System and, more recently, Bain Capital, to earn outsize returns.[/b]
blombrowski:
--- Quote from: "Guest" ---Cove Prep
Lancaster
New Perspectives at White Deer Run
Blue Mountain
New Directions of Cove Forge
Cove Forge Renewal Center
White Deer Run of Allentown
White Deer Run of Altoona
White Deer Run of Harrisburg
White Deer Run of Lewisburg
White Deer Run of New Castle
White Deer Run of Pottsville
White Deer Run of Williamsport
WDR of York
Cove Forge Behavioral Health System at Pittsburg
Cove Forge Behavioral Health System at Williamsburg
White Deer Run Cove Forge Manor House
--- End quote ---
Seems like splitting hairs but those are programs owned by CRC Health, they are not Aspen programs (yes, I know CRC owns Aspen)
It's not inconceivable that Aspen would try to build new programs in rural Pennsylvania, but as it pertains to the actual programs that kids were sent to for kickbacks there are other bad actors to examine other that Aspen or CRC.
Anonymous:
--- Quote from: "blombrowski" ---
Seems like splitting hairs but those are programs owned by CRC Health, they are not Aspen programs (yes, I know CRC owns Aspen)
--- End quote ---
Yeah, Aspen is Mickey Mouse to CRC's Disney World, the Disturbed Kingdom. If CRC doesn't differentiate between them, I don't either. Is there a separate forum for CRC programs?
--- Quote from: "blombrowski" ---It's not inconceivable that Aspen would try to build new programs in rural Pennsylvania, but as it pertains to the actual programs that kids were sent to for kickbacks there are other bad actors to examine other that Aspen or CRC.
--- End quote ---
Many bad actors, but which are well-heeled?
--- Quote from: "MICHAEL RUBINKAM Associated Press Writer" ---
http://news.lp.findlaw.com/ap/f/1310/10 ... 09_11.html
After being found delinquent, the youths were often shackled and taken to private jails whose owner was paying bribes to the judge. Federal prosecutors have said that Ciavarella and another Luzerne County judge, Michael Conahan, took a total of $2.8 million in payoffs
--- End quote ---
.
2.8 million indicates some serious resources and the article implies the owner paying bribes had multiple "private jails". It's wishful thinking to hang it on Aspen at the moment and nothing more, so...eh. It's a happy thought. Who are the other possibilities?
Whooter:
--- Quote --- Is there a separate forum for CRC programs?
--- End quote ---
No I dont believe there is, but you can ask psy or ginger if you saw a need to break it out. You could have CRC and then Aspen as a subset of that as their parent company. I haven’t seen much activity here on fornits on the CRC drug rehab programs or their opiate clinics so I dont personally see a need. Aspen seems to stick with their little therapeutic boarding school niche and wilderness therapy.
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