Ascend Health Acquires Schick Shadel Hospital

SEATTLE, Aug. 17, 2011 /PRNewswire/ -- Ascend Health Corporation announced the acquisition of Schick Shadel Hospital, an addiction treatment hospital, located in Seattle.  Founded in 1935, Schick Shadel Hospital is one of the oldest hospitals exclusively focused on substance abuse therapy.  With over 60,000 patients treated, Schick Shadel has established a strong track record with industry leading success rates in excess of 60%.  

"We are pleased to add Schick Shadel to our portfolio of facilities," said Richard Kresch, M.D., President and Chief Executive Officer.  "The acquisition of Schick Shadel offers compelling growth, allowing us to continue to satisfy the increasing need for addiction therapy by offering patients more treatment alternatives."

Schick Shadel Hospital uses chemical aversion therapy to treat alcohol and drug addiction in an inpatient setting.  Patients are treated for 10 days with follow up visits at 30 and 90 days.  Therapy programs are individualized and continually monitored with adjustments made to ensure that patient needs are met.  Unlike other treatment programs, Schick Shadel patients can have outside contact with family and work during their stay.  Most insurance plans are accepted.

About Schick Shadel Hospital

Schick Shadel Hospital provides inpatient treatment for alcohol and drug addiction using chemical aversion therapy.  Since 1935, Schick Shadel Hospital has been serving patients with individualized treatment programs proven to have positive outcomes for patients seeking permanent relief from substance abuse.  For more information, please visit www.schickshadel.com.

Contact:
Ascend Health Corporation
Steve Page
Chief Financial Officer
212-243-5565

SOURCE Ascend Health Corporation

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