November 1, 2010 – San Diego, CA - Vericare announced today
that Symed Behavioral Medicine, located in Memphis, Tennessee, has
joined the Vericare group of behavioral health companies providing
services to residents of skilled nursing and assisted living facilities.
Symed has been providing behavioral health care to this sector for
nearly ten years and delivers care to facilities in Tennessee, North
Carolina and California. This affiliation substantially increases Vericare’s
annual service revenues, facilities served and provider staff, as well
as the company ’s coverage in the dynamic California market.
The transaction is another important strategic development for Vericare
and is the company’s second such transaction in 18 months. In
May, 2009, the Rossi Psychological Group, located in Somerville, New
Jersey, joined the growing list of Vericare-affiliated companies, giving
Vericare a much broader presence in the Northeast.
Vericare is the lead entity in a group of affiliated companies providing
quality behavioral health care to seniors in nursing
homes and residential settings through a team of psychologists, psychiatrists,
social workers and nurse practitioners.