InperiumUpdates

Inperium Highlights and Recent Updates

Inperium Announces its Newest Affiliate – The Children’s Home of Reading

The Children’s Home of Reading (CHOR) and Inperium have completed the affiliation process that will position CHOR to expand its services, advance its mission, and continue to provide nationally-recognized behavioral, mental healthcare, education and community services throughout Central and Eastern Pennsylvania.

“Our focus in establishing this innovative partnership with Children’s Home of Reading was so that we could expand into the children and family services.  We look forward to strengthening this well-established institution in order to benefit an even greater number of children and families throughout PA, and expand our continuum of care from cradle to grave throughout New Jersey and other states,” said Ryan Smith, President of Inperium, Inc.

“The Children’s Home of Reading has been exploring collaborative relationships with compatible organizations for about seven years, with our goal of furthering our philosophy of delivering and expanding our 15 programs, where they are needed most,” said Dr. Vincent LaSorsa, President and CEO of The Children’s Home of Reading.

Formed in 2015, Inperium, Inc., a 501c3 non-profit corporation headquartered in Reading, became the nation’s first not-for-profit human service organization to sponsor an employee stock ownership program.  Affiliate members of Inperium work together in a formalized partnership to leverage human and financial resources to meet their mission and vision; they reduce costs, and create efficiencies while building a system of care that improves service delivery and quality in the communities each partner serves.

Press Release: Inperium Announces its Newest Affiliate – The Children’s Home of Reading

Inperium Announces its Affiliation with Reading Specialists Educational Association

Inperium Inc., which in 2015 became the nation’s first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive affiliation agreement with Reading Specialists Educational Association (“RSEA”). Terms of the affiliation agreement were not disclosed. This transaction with Inperium will enable RSEA to extend its services both clinically and geographically.

Inperium Chief Executive Ryan Smith commented regarding this transaction: “Inperium is continuing to expand its service offerings to include more additional services and opportunities for children and youth in the PA.”

John H. Deppeler IV., Inperium’s Executive Vice President, will provide oversight of the RSEA Programs adding “RSEA will be able to leverage relationships with other Inperium-affiliated entities that work with the PA Juvenile Justice System to continue its growth to transform the lives of the kids entrusted to our care.”

Dr. Robert Gill added “at this time, Dr. Kraus of SafeGuards Foster Care and I are happy to announce that we have aligned with Inperium in their quest to provide a quality of continuum of treatment care within their growing services network.”

Press Release: Inperium Announces its Affiliation with Reading Specialists Educational Association

Inperium Acquired Youth Services Agency

Inperium Inc., which in 2015 became the nation’s first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive acquisition agreement with Youth Services Agency (“YSA”). Terms of the acquisition agreement were not disclosed. This transaction with Inperium will enable YSA to extend its services both clinically and geographically.

Inperium Chief Executive Ryan Smith commented regarding this transaction: “Inperium is continuing to expand its service offerings to include more additional services and opportunities for children and youth in Pennsylvania. Our expectation is that two additional transactions will close prior to November 30th that will further bolster Inperium’s expanding child and adolescent division.”

Press Release: Inperium Acquires Youth Services Agency

Inperium Acquires New Jersey Addictions Affiliate

Inperium Inc., which in 2015 became the nation’s first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive affiliation agreement with New Horizons Treatment Services, Inc. (“NHTS”), a Trenton, NJ based provider of substance abuse treatment and related services. Terms of the affiliation agreement were not disclosed but included NHTS establishing Inperium as the sole member of NHTS.

This affiliation was the second executed by Inperium this year – each introduced by Angler West – and will increase Inperium’s consolidated revenues to more than $100 million. Inperium Chief Executive, Ryan D. Smith, commented regarding the affiliation: “This transaction marks Inperium’s entry into New Jersey. Our strategic plan contemplates additional transactions in New Jersey and elsewhere in future periods, with several deals expected to close this quarter”.

Press Release: Inperium Acquires New Jersey Addictions Affiliate

Inperium, Inc. announces Inperium of New Jersey, Inc.

Inperium Inc., a non-profit Pennsylvania corporation announces its first affiliated entity in New Jersey, Inperium of New Jersey, Inc. which was established in September 2017 to oversee affiliates offering services in the State of New Jersey. Inperium, Inc. is currently the Parent company to Supportive Concepts for Families, Inc., Edison Court, Inc. and Community Prevention Partnership, Inc., all Pennsylvania based entities whose missions further the Mental Health, Intellectual Disabilities, and/or other Health Services needs of communities in which they operate. In 2015 Inperium, Inc. became the nation’s first not-for-profit human services organization to sponsor an employee stock ownership program.

Inperium Chief Executive Ryan Smith commented regarding this transaction: “Inperium is continuing to expand its service offerings to new geographical locations and we are very excited to begin our operations in New Jersey.”

Press Release: Inperium of New Jersey, Inc

Edison Court Affiliates with Inperium

Inperium Inc., the parent company of Supportive Concepts for Families, Inc., which in 2015 became the nation’s first not-for-profit human services organization to sponsor an employee stock ownership program, has entered into a definitive affiliation agreement with Edison Court, Inc. Terms of the affiliation agreement were not disclosed but included Edison Court establishing Inperium as the sole member of Edison Court.

Edison Court provides responsive and innovative care to individuals and families facing behavioral and mental health challenges. Commenting on the affiliation with Inperium, Edison Court CEO Jay Deppeler explained: “This transaction enables our organization to extend our continuum of intensive care programs to counties in the Commonwealth in which Inperium has long been a trusted partner.” This affiliation was the second affiliation executed by Inperium, and will increase Inperium’s consolidated revenues to more than $60 million annualized. Inperium Chief Executive Ryan Smith commented regarding the affiliation: “Inperium’s strategic plan contemplates additional transactions in the Mid-Atlantic region in future periods, with at least one more deal likely to close in Fiscal 2017”.

Press Release: Edison Court Affiliates with Inperium

 

ESOP Conference February 2017

While taking a break from the National Center for Employee Ownership’s ESOP Conference, Ryan Smith and Rich Hunt visited Camelback Mountain in Phoenix, highest point 2700 ft. above sea level.

The ESOP Conference was held on February 15 & 16, 2017 and featured various presentations from the top experts and leaders from successful employee-owned companies. Ryan and Rich attended seminars related to plan design and operation, ESOP transaction structures, and valuation and financing. Inperium’s subsidiary, Supportive Concepts for Families, Inc. became the first not-for-profit corporation to establish and ESOP in 2015.