HUNTINGTON BEACH, Calif., Jan. 22 /PRNewswire-FirstCall/ -- Forterus Healthcare, a division of Forterus Inc. (OTC Bulletin Board: FTER), today announced that it has acquired Solutions 4 Recovery, a Dana Point, Calif.-based drug and alcohol treatment center.
The acquisition is expected to close Feb. 1 2009
Forterus Healthcare will operate Solutions 4 Recovery as a wholly owned subsidiary of Forterus, Inc. Solutions 4 Recovery is the second behavioral health care acquisition made by Forterus Inc. the last six months, the first being A Better Tomorrow Treatment Center Inc.
"Our plan for stable, continuous growth is well under way," stated Jerrod Menz, vice president of Forterus Healthcare.
"Solutions 4 Recovery is already well known in the Orange County area and has hundreds of clients," said Paul Howarth, CEO of Forterus, adding that the acquisition of the six-year-old treatment center enables the company's healthcare division to expand its services to the coast without having to start from scratch.
"This acquisition increases our ability to capture clients in the Orange County-San Diego area," Howarth said. "It also helps with our general marketing efforts, since we can now offer clients more choices in terms of where they want to be treated in Southern California."
Once the acquisition is closed, Forterus Healthcare will operate one of the largest drug and alcohol treatment programs in Southern California.
Forterus Inc. and its subsidiaries engage in diverse business activities, including behavioral healthcare, intervention services, drug and alcohol rehabilitation, pain management, physical therapy, finance as well as thoroughbred breeding and racing.
For more information about Forterus, Forterus Healthcare, A Better Tomorrow or Solutions 4 Recovery, please visit their respective websites at www.forterushealthcare.com, www.solutions4recovery.com and www.abttc.com.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.
Paul Howarth, CEO, Forterus Inc. (888) 257-8345 firstname.lastname@example.org
|SOURCE Forterus Inc.|
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