Business Services Industry
Charter Medical to Acquire Decatur, Ga., Psychiatric Rehabilitation Firm. (Originated from The Macon Telegraph, Georgia)
Knight Ridder/Tribune Business News, May, 1994 by Billips, Mike
May 3--Charter Medical Corp. has agreed to buy Decatur-based Schizophrenia Treatment and Rehabilitation, Inc. Terms of the sale are not being released. Founded in 1986 by clinical nursing specialist Kim Littrell, STAR develops partial hospitalization programs for treating schizophrenia and related disorders. The company operates an educational training facility for Emory University, Georgia State University, Agnes Scott College and DeKalb College.
The acquisition is in line with Charter's plans to expand from its main business of psychiatric hospitals into all areas of behavioral health care. "We have had schizophrenic patients in our hospitals, and will continue to have, but what we have not had is a treatment model to treat their needs over the long term," said...
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