Behavioral Health operated inpatient treatment facilities in Palm Springs, Fla.; New Haven, Conn.; and Ephrata, Pa. The inpatient sites abruptly closed in June, after the company’s CEO and chief administrative officer died by suicide.
Court-appointed receivers are selling the properties in Pennsylvania, Connecticut and Florida, LancasterOnline reported. A previous deal to sell Retreat’s two Pennsylvania properties fell through in October, according to the outlet.
Vendors owed money by the shuttered treatment chain can expect “pennies on the dollar,” for what they are owed, a receiver told a judge on Dec. 6, LancasterOnline reported. The company has accumulated at least $30 million in debt, LancasterOnline previously reported.
The closure of Retreat’s facilities left 650 employees out of work.
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