Centerstone and WellSpring Resources have joined forces, finalizing a merger that combines their operations and expertise to advance the delivery of mental health and substance abuse treatment in Illinois and nationwide. The affiliation was unanimously approved by the boards of directors of both organizations and is effective today.
Centerstone and WellSpring announced their intent to merge in early May and have since conducted additional due diligence and negotiated a definitive merger agreement.
“WellSpring Resources is an excellent addition to Centerstone, and we are excited about what we will accomplish together for the residents of Illinois,” said David C. Guth Jr., CEO of Centerstone. “Its leadership and culture aligns well with Centerstone’s existing operations, including our growing emphasis on coordinated mental and physical health care that treats the whole person. There’s a great deal we can learn from each other to better serve our consumers in Illinois and across the nation.”
As part of the final merger agreement, WellSpring Resources will become part of Centerstone’s existing Illinois operations, which has locations in West Frankfort, Carterville, Marion and Carbondale. It will be renamed Centerstone, a change that will take place this fall.
John Markley will continue to serve as CEO of Centerstone’s growing Illinois operations. Jennifer Craig, interim CEO of WellSpring Resources, will serve as chief operating officer for Centerstone’s Illinois operations.
“Becoming part of Centerstone was the clear choice for the benefit of our employees, communities and, above all, our consumers,” Craig said. “The services we provide and our internal cultures are very similar, which makes our coming together nothing but an opportunity to learn and improve the care we’re able to offer.”
With the addition of WellSpring, Centerstone will operate in Illinois with 675 employees in eight counties, providing annual services to nearly 16,400 people of all ages.
“The Centerstone team is excited to welcome WellSpring, and we look forward to working with its team to serve those throughout the region,” Markley said. “The quality, community-based care that WellSpring has carefully built over the last 55-plus years will remain, but will now have the added resources, research and investment available with Centerstone.”
Centerstone is one of the largest nonprofit providers of behavioral health care in the nation. It has 157 locations in Florida, Illinois, Indiana and Tennessee and approximately $210 million in annual revenues. It will employ more than 3,100 people and serve an estimated 142,000 individuals.