Convalo Health International, Corp. acquires Hollywood Detox and ARTS 

 

July 3, 2015

On July 3, 2015, Convalo Health International, Corp. (TSXV:CXV), an acquisition-oriented company focused on rolling up the U.S. addiction rehabilitation market, acquired two profitable southern Californian companies: Hollywood Detox Center (Hollywood Detox) and Accredited Rehab and Treatment Services (ARTS) for $7.9 million and up to 12,000,000 shares. Convalo's acquisition of the behavioral health facilities offering detox and residential treatment services will expand its offerings in the addiction treatment market. McMillan's Robbie Grossman (securities) acted for Convalo.