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News Release: The Sanders Trust acquires addiction treatment center in Boston area

FOR IMMEDIATE RELEASE

Birmingham, Ala. – The Sanders Trust, a Birmingham-based healthcare real estate and development firm, has announced the real estate acquisition of Serenity at Summit New England. The medically supervised drug detox and alcohol addiction treatment center is a 41-bed facility consisting of 25,455 square feet. Serenity at Summit New England provides the clinical and medical services, structure, support and counseling necessary for addicted individuals to stop using alcohol and drugs and to prevent relapse.

The property is operated by Summit Behavioral Health, a subsidiary of Delphi Behavioral Health Group. Delphi is a leading substance abuse treatment provider within a rapidly expanding behavioral market throughout the United States. Delphi’s origins date back to the 1970s with the founding of Palm Beach Institute. Today, Delphi operates 14 residential treatment facilities with more than 350 beds across six states.

“Given the current significant addiction epidemic in our country, the need for quality facilities and care is greater than ever before. The Sanders Trust is extremely impressed with the services, high quality treatment and support offered at Serenity at Summit New England,” stated Rance Sanders, President and CEO of The Sanders Trust.

Serenity at Summit New England is located at 61 Brown Street in Haverhill, Massachusetts, a suburb north of Boston along the historic Merrimack River. The facility is strategically located adjacent to the 122-bed Holy Family Hospital – Haverhill, a member of Steward Health.

ABOUT THE SANDERS TRUST The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired medical properties in 26 states. For more information on The Sanders Trust, visit www.SandersTrust.com.

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For more information, contact: February 5, 2019 Samantha Jarman, 225-936-4628

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