Recovery First, based in Hollywood, said Wednesday that it has entered into an agreement to sell its facility and operations to American Addiction Centers, a subsidiary of publicly traded AAC Holdings.
The $13.1 million sale, which is subject to certain licenses necessary for the purchaser to operate the business, is expected to close during the first quarter of 2015.
Recovery First operates a 56-bed in-network, inpatient substance abuse treatment facility that includes 20 licensed detoxification beds.
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