The Nord Center announced on January 12 that it was merging with The LCADA Way, in a transaction that will form a $45 million organization.
The LCADA Way is a non-profit behavioral health center that treats substance use disorder in Lorain, Ohio. It offers a 24/7 crisis information hotline.
The Nord Center is a mental health provider based out of Lorain, Ohio. It provides services for mental health emergencies, sexual assault and behavioral health crises.
Once the merger is complete on July 1, 2024, the combined company will employ about 425 people and operates about a dozen locations, according to a news release. The financial terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the fifth Behavioral Health Care acquisition of the year, and the first in the substance use disorder specialty. Throughout 2023, 83 counseling transactions were announced.
