FOR IMMEDIATE RELEASE
September 13, 2018
CONTACT:Missy Orlando, Media and Public Relations Director
FULCRUM EQUITY PARTNERS ANNOUNCES FORMATION OF CITY LINE BEHAVIORAL HEALTHCARE AND ACQUISITION OF LIFE OF PURPOSE TREATMENT CENTERS
-- Fulcrum Equity Partners announces the creation of City Line Behavioral Healthcare LLC, and the acquisition of Life of Purpose Treatment Centers.
“We recognize the growing unmet needs of the substance use disorder population, particularly young adults - ages 19-29,” said Tom Greer, Fulcrum Equity Founder, and Partner. “Our acquisition of Life of Purpose helps us further solidify and enhance our continuum of stellar addiction services while meeting the needs of this population.”
City Line Behavioral Healthcare LLC will act as the holding company to own its current and future behavioral healthcare assets. Andrew J. Rothermel will act as the President and CEO of both City Line Behavioral Healthcare and Life of Purpose.
“Our acquisition of Life of Purpose further enhances our ability to provide evidence-based, clinically sound, affordable addiction treatment to Pennsylvania, New Jersey, and Florida,” said Rothermel. “Our program focuses on strengthening life skills necessary to succeed during and after treatment.”
Life of Purpose specializes in evidence-based treatment services for young adults whose education has been disrupted by substance abuse. The treatment center has facilities in Camden County, New Jersey and Palm Beach County, Florida. Life of Purpose also has the first primary care treatment center to be located on a college campus in the United States. It is situated on the campus of Florida Atlantic University.
“For the past five years, our mission has been helping clients to find purpose through higher education, trade school, and professional development,” said Andrew Burki, MSW Founder of Life of Purpose. “This merger brings us one step closer to changing the paradigm for how substance use disorder treatment is conducted in America.” Burki will serve as Director of Public Policy for Life of Purpose. Rothermel stated that he is thrilled to be working with seasoned industry professionals to build a full continuum of care that will meet the growing needs of individuals struggling with addiction. City Line Behavioral Healthcare’s initial Executive Leadership Team includes: Andrew J. Rothermel - President & CEO; Tom Leahey - Chief Financial Officer; Keith Arnold - Chief Marketing Officer; Rosemarie Sullivan- Director of Quality & Compliance; Bethany Kassar - Executive Director; Ed Allen - Corporate Director of Business Development; & Rebecca Lerman - Director of Marketing.
Fulcrum's current addiction treatment provider Liberation Way, located in Pennsylvania, will be integrated into Life of Purpose Treatment Centers, a subsidiary of the City Line Addiction Treatment Family.
Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestures, shareholder liquidity and recapitalizations. The partners have over 130 years of relevant experience, including operations, venture capital, mezzanine financing, accounting, law, investment banking and strategy consulting. To learn more, please visit www.fulcrumep.com.
About City Line:
City Line Behavioral Healthcare LLC was created by Fulcrum Equity Partners as the holding company to own its current and future behavioral healthcare assets. This will provide the opportunity to identify, acquire and own other behavioral healthcare companies to meet similar and growing needs in other communities. To learn more, please visit www.citylinebh.com.
About Life of Purpose:
Life of Purpose Treatment was created in 2013 by Founder Andrew Burki, MSW. The program provides services specifically designed to assist emerging adults who have a desire to focus on their education, vocational training or professional development. To learn more, please visit www.lifeofpurposetreatment.com