In Stunning Turnaround, Addiction Clinic Files For Bankruptcy
Stephen Fennelly rode the wave of the surging profits tied to the opioid epidemic raging in California and across the country. So what went wrong?
Orange County Register:
Rags To Riches To Rags: How A Booming Addiction Treatment Biz Goes Bankrupt
Solid Landings Behavioral Health started out in 2009 with a handful of workers and rode a cresting wave of opioid addiction – and ballooning insurance coverage – to what appeared to be fabulous success. ...But last month, in a stunning turn-around, Solid Landings filed for federal bankruptcy protection. (Sforza, 7/21)
In other news —
San Diego Union-Tribune:
Opioid Addiction: Health Providers Target Top Reason For Painkiller Abuse
Many health providers are making real progress toward not only reducing opioid prescriptions, but also coming up with new strategies to help patients cope with chronic pain. Seen as positive steps on a difficult road toward reducing the nation’s ever-increasing number of overdose hospitalizations and deaths linked to opioids, this progress among physicians addresses only one half of this equation. Illicit opioids, which can be much more potent than those doled out by legitimate pharmacies, are increasingly sold on the streets as the number of legitimate opioid prescriptions has fallen. This danger was reflected in two recent seizures of fentanyl and heroin sold illegally in San Diego County. (Sisson,7/24)