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
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