Ethema Health Corporation to Open Substance Abuse Treatment Facility in West Palm Beach

Ethema Health Corporation to Open Substance Abuse Treatment Facility in West Palm Beach

 September 25, 2018 - 8:00 AM EDT
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Ethema Health Corporation to Open Substance Abuse Treatment Facility in West Palm Beach

DELRAY BEACH, FL, Sept. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Health Corporation (OTCQB: GRST) (“Ethema” “GRST” or the “Company”), a provider of healthcare services, has received its probationary licenses for detox and residential levels of care at its recently acquired premises at 5400 East Avenue, West Palm Beach Florida (the “Property”). Ethema is now licensed for a full continuum of care that can be provided at one location and has set Monday, October 1, 2018 as the first day it will take clients for its newly licensed levels of care at the new facility. The Company now has licenses for care as follows; 48 beds of inpatient detoxification, 6 beds for intensive inpatient, 66 beds for residential level 1, and 32 beds of partial hospitalization with community housing. In addition, the Company has licenses for intensive outpatient and outpatient care at its new facilities.

Mr. Shawn Leon, Ethema President and CEO, said, "We are very proud of our team of dedicated employees for completing the initial phase of the licensing process. This has been a long process and we are excited to be able to take our first inpatient clients by October 1, 2018. This facility will not only be an industry leading facility in substance abuse treatment, but also a center for education and research in the substance abuse treatment field. We look forward to collaborating with the employer groups and sponsors that have chosen us as a substance abuse treatment provider.”

Ethema will concentrate its operations at the new property and, with the transfer of the license for partial hospitalization with community housing, intensive outpatient, and outpatient care from Delray Beach to West Palm Beach, the Company will lease its facilities at 810 Andrews Avenue for a period of two years to a Psychiatrist specializing in addiction treatment. Ethema will continue to use its 810 Andrews Avenue property for community housing for the time being but will look to relocate these beds closer to West Palm Beach, allowing the Company to realize on the development value of this well located property. The Company has not yet completed the purchase of the West Palm Beach property but is working diligently on completing that process and expects to finalize a transaction in the very near future.

About Ethema Health Corporation

Ethema Health Corporation (OTCQB: GRST) operates in the behavioral healthcare space specifically in the treatment of substance use disorders. Ethema developed a unique style of treatment over the last six years and has had much success with in-patient treatment for adults. Ethema will continue to develop world class programs and techniques with its expansion in the United States. The Company currently has under twenty employees and operates in West Palm Beach, Florida. For more information you can visit our website at www.ethemahealth.com and seastoneofdelray.com

Notice Regarding Forward-Looking Statements

The information contained herein includes forward-looking statements.  These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For information please contact:
Ethema Health Corporation
561-450-7679
shawn@ethemahealth.com

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Source: GlobeNewswire (September 25, 2018 - 8:00 AM EDT)

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