After Nearly 2 years on the Market, Valley Forge Medical Center is Getting a New Owner

A Montgomery County behavioral health care hospital that was put up for sale nearly two years ago is getting a new owner.

Avenues Recovery Center of Lakewood, New Jersey, expects to close on its acquisition of Valley Forge Medical Center on June 14.

Financial terms of the deal are being kept confidential.

Valley Forge Medical Center, an 88-bed addiction treatment center in East Norriton, will become the ninth facility in Avenues’ growing national network.

Founded in 2016, Avenues Recovery Center has an existing local facility in Jamison, Bucks County. Its other substance abuse treatment centers are in Maryland, Louisiana, New Hampshire and Indiana.

*Article courtesy of Philadelphia Business Journal

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