Seven Counties Services, Centerstone pursuing partnership
Behavioral health care provider Seven Counties Services is planning to join with Centerstone, which offers services in four other states, creating an organization that would employ more than 4,500 people.
The companies said Thursday they have signed a letter of intent to pursue an affiliation.
The result would be an organization with 181 locations in Florida, Illinois, Indiana, Kentucky and Tennessee and approximately $310 million in annual revenues.
The companies said in a news release that the negotiation and review process is expected to take 60 to 90 days.
Seven Counties is a not-for-profit that delivers community-based treatment, support and services for people in Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer and Trimble counties in Kentucky.
Centerstone is a nonprofit provider offering services in Florida, Illinois, Indiana and Tennessee at nearly 150 locations.