UNIVEC,INC. ACQUISITION OF MENTAL HEALTH CLINICS
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Posted On: 12/22/2021 7:30:51 PM
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UNIVEC,INC. ACQUISITION OF MENTAL HEALTH CLINICS
Press Release | 08/16/2021
Univec,Inc Acquisition of Mental Health Clinics
Owings Mills, MD. August 16, 2021 - Univec, Inc. (OTCMarkets:UNVC) is pleased to announce the signing of a binding term sheet for the acquisition of accredited outpatient mental health centers in Maryland. These centers are community based centers which provide outpatient mental health counseling treatment for substance abuse and other ancillary services. The acquisition will add in excess of $17million in topline revenue to Univec and is expected to close on or around September 30, 2021 subject to final due diligence and valuation.
Dr. David Dalton, CEO of Univec, stated that "This is the beginning of Univec's business plan for "Wraparound Services" in the mental health and substance abuse environment. We are in the midst of a mental health and substance abuse pandemic and new ideas are needed to address the problem. Univec intends to be at the forefront of delivering targeted care in the mental health arena by treating multiple aspects of the issues."
Press Release | 08/16/2021
Univec,Inc Acquisition of Mental Health Clinics
Owings Mills, MD. August 16, 2021 - Univec, Inc. (OTCMarkets:UNVC) is pleased to announce the signing of a binding term sheet for the acquisition of accredited outpatient mental health centers in Maryland. These centers are community based centers which provide outpatient mental health counseling treatment for substance abuse and other ancillary services. The acquisition will add in excess of $17million in topline revenue to Univec and is expected to close on or around September 30, 2021 subject to final due diligence and valuation.
Dr. David Dalton, CEO of Univec, stated that "This is the beginning of Univec's business plan for "Wraparound Services" in the mental health and substance abuse environment. We are in the midst of a mental health and substance abuse pandemic and new ideas are needed to address the problem. Univec intends to be at the forefront of delivering targeted care in the mental health arena by treating multiple aspects of the issues."
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