Castle Placement Named Exclusive Placement Agent for Capital Raise for Saved from Addiction

By: Castle Placement and client firm
 
NEW YORK - May 30, 2018 - PRLog -- Saved from Addiction, a residential inpatient and intensive outpatient program facility in Westchester County, NY, announced today that it has engaged Castle Placement as its exclusive placement agent to raise $16 million of equity and debt to purchase a property and transform it into a high-end facility.

The management team is led by Joseph Russo, M.D., who runs another highly successful outpatient treatment center in Westport, CT and Thomas Russo, a practicing attorney since 1990. The management team believes that Saved from Addiction is a unique, innovative program tailored to meet patient needs. The facility's cutting-edge technologies with proven efficacy, and extensive amenities, are expected to deliver far higher success rates than its peers.

Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform - including artificial intelligence/machine learning - match great companies with global institutional investors. Castle Placement's proprietary app, CPGO, connects companies with investors in real time. It has over 64,500 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.

Contact: Richard Luftig. (212) 418-1181. rluftig@castleplacement.com.

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Tags:Castle Placement, Investment Banking, Healthcare
Industry:Health
Location:New York City - New York - United States
Subject:Deals
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