WellSpring Resources Merges with Centerstone

Merger of behavioral healthcare providers is finalized;

Nationally, Centerstone will serve more than 142,000 people of all ages

ALTON, Ill. & NASHVILLE, Tenn.--()--Centerstone and WellSpring Resources have joined forces, finalizing a merger that combines their operations and expertise to advance the delivery of mental health and substance abuse treatment in Illinois and nationwide. The affiliation was unanimously approved by the boards of directors of both organizations and is effective today.

“Its leadership and culture aligns well with Centerstone’s existing operations, including our growing emphasis on coordinated mental and physical healthcare that treats the whole person. There’s a great deal we can learn from each other to better serve our consumers in Illinois and across the nation.”

Centerstone and WellSpring announced their intent to merge in early May and have since conducted additional due diligence and negotiated a definitive merger agreement.

“WellSpring Resources is an excellent addition to Centerstone, and we are excited about what we will accomplish together for the residents of Illinois,” said David C. Guth, Jr., CEO of Centerstone. “Its leadership and culture aligns well with Centerstone’s existing operations, including our growing emphasis on coordinated mental and physical healthcare that treats the whole person. There’s a great deal we can learn from each other to better serve our consumers in Illinois and across the nation.”

As part of the final merger agreement, WellSpring Resources will become part of Centerstone’s existing Illinois operations, which has locations in West Frankfort, Carterville, Marion and Carbondale. It will be renamed Centerstone, a change that will take place this fall.

John Markley will continue to serve as CEO of Centerstone’s growing Illinois operations. Jennifer Craig, interim CEO of WellSpring Resources, will serve as Chief Operating Officer for Centerstone’s Illinois operations.

“Becoming part of Centerstone was the clear choice for the benefit of our employees, communities and, above all, our consumers,” said Craig. “The services we provide and our internal cultures are very similar, which makes our coming together nothing but an opportunity to learn and improve the care we’re able to offer.”

With the addition of WellSpring, Centerstone will operate in Illinois with 675 employees in 8 counties, providing services to nearly 16,400 people of all ages annually.

“The Centerstone team is excited to welcome WellSpring, and we look forward to working with its team to serve those throughout the region,” said Markley. “The quality, community-based care that WellSpring has carefully built over the last 55-plus years will remain, but will now have the added resources, research and investment available with Centerstone.”

Centerstone is one of the largest nonprofit providers of behavioral healthcare in the nation. It now has 157 locations in Florida, Illinois, Indiana, and Tennessee and approximately $210 million in annual revenues. It will employ more than 3,100 people and serve an estimated 142,000 individuals.

About Centerstone

Centerstone, a nonprofit organization, is one of the nation's largest behavioral healthcare providers. It offers a range of treatment, support and educational programs and services to individuals who have mental health and addiction disorders and services for adults with intellectual and developmental disabilities. Each year, the organization serves more than 142,000 people of all ages at nearly 157 locations across Florida, Illinois, Indiana and Tennessee. It also operates the Centerstone Foundation, Centerstone Research Institute, Advantage Behavioral Health, Centerstone Military Services and Centerstone Health Partners. For more information, please visit www.centerstone.org.

About WellSpring Resources

Founded in 1959, WellSpring Resources is a total mental wellness resource serving Madison, Greene, Jersey, and Calhoun counties. With offices in Alton and Jerseyville, WellSpring’s compassionate professionals work with children, adults and families to inspire hope and personal growth. Last year, over 7,600 people sought to change their lives for the better through WellSpring’s mental health and substance abuse services. Learn more at http://www.wellspringresources.co.

Contacts

DVL Seigenthaler
Nicole Cottrill, 615-244-1818
nicole.cottrill@dvlseigenthaler.com

Release Summary

Centerstone and WellSpring Resources have finalized a merger combining their operations and expertise to advance the delivery of mental health and substance abuse treatment in Illinois and nationally.

Centerstone