Ethema Health Corporation is a healthcare services company focused on addiction treatment, operating treatment centers in Florida and Kentucky with both outpatient and residential programs.

# Company Summary - Ethema Health Corporation

## Business Overview
Ethema Health Corporation is a healthcare services company primarily focused on addiction treatment. It operates treatment centers in Florida and Kentucky, providing outpatient and residential addiction recovery programs.

## Key Details
- **Type:** Publicly traded investment holding company
- **Location:** Headquartered in West Palm Beach, Florida
- **Incorporation:** Colorado (since April 1, 1993; changed from Delaware in 1995)

## Operations and Services
- Operates addiction treatment centers with a focus on in-network insured healthcare services
- Operates a treatment facility at 950 Evernia Street, West Palm Beach, FL
- Recently acquired additional treatment facilities at Boca Cove Detox, Boca Raton, FL, and Edgewater Recovery Centers in Kentucky
- Provides services including inpatient detoxification, residential treatment, outpatient programs, and drug rehabilitation

## Employees
- As of December 31, 2024: ~70 employees and 14 part-time contractors

## Revenue & Income
- **2024 Revenue:** Approximately **$6,017,204**
- **2023 Revenue:** Approximately **$5,344,976**
- **Revenue growth:** About 12.6%, driven mainly by organic growth in patient numbers and increased advertising
- **2024 Net Loss:** **$2,165,937**
- **2023 Net Income:** **$1,006,415**
- The company experienced a significant increase in operational losses in 2024 compared to 2023, mainly due to rising expenses and investments in growth and infrastructure.

## Business Model
- Focuses on addiction treatment services paid primarily through insurance reimbursements and direct patient payments.
- Maintains long-term relationships with healthcare providers, industry conferences for marketing, and in-network insurance partnerships.
- Operates as a single reportable segment in the most recent period, emphasizing treatment services.

## Financial and Operational Highlights
- Has multiple treatment facilities and leases, including a major property at 950 Evernia Street, West Palm Beach
- Experienced growth in treatment capacity and expansion into Kentucky with recent acquisitions
- Faces financial challenges typical of industry peers, including high operating costs, significant liabilities, and dependence on future capital raising to sustain operations.

## Summary
Ethema Health Corporation is a healthcare provider specializing in addiction recovery, operating multiple treatment facilities, with a primary focus on insured outpatient and residential addiction treatments in the U.S. It employs around 70 staff, reported over $6 million in revenue in 2024, and is currently operating with significant net losses and substantial liabilities.

Ethema Health Corporation is a healthcare services company focused on addiction treatment, operating through its subsidiary Evernia Health Center in Florida.

# Ethema Health Corporation Overview

## Company Profile
- **Name:** Ethema Health Corporation
- **Incorporation:** April 1, 1993 (Colorado)
- **Business Focus:** Healthcare services, specifically addiction treatment.

## Business History and Operations
Ethema Health Corporation has transitioned from oil and gas exploration to healthcare services since 2010. The company is primarily involved in providing addiction treatment healthcare services and operates through its subsidiary, American Treatment Holdings, Inc. (ATHI), which owns Evernia Health Center.

### Key Developments:
- **Accreditation:** 
  - Obtained a license to operate addiction treatment services in Florida in December 2016.
- **Acquisitions:**
  - Acquired 75% ownership of American Treatment Holdings, Inc. in June 2021, which includes the Evernia Health Center in West Palm Beach, Florida.
- **Facility Operations:**
  - Evernia Health Center is based at 950 Evernia Street, West Palm Beach, Florida, focusing on addiction rehabilitation services since June 2020.
- **Employee Count:** 
  - As of December 31, 2023, Ethema had **65 employees**.

## Revenue and Financials
- **Revenue and Income:** Specific revenue and income figures for Ethema Health Corporation have not been disclosed in the provided text. The company primarily generates revenue through its addiction treatment services, which are often covered by insured healthcare services.
- **Customer Base:** While specific customer numbers are not provided, the company sources the majority of its clients through in-network relationships with various health care providers.

## Marketing and Competition
- Ethema’s marketing focuses on establishing relationships with healthcare professionals and leveraging industry-specific conferences to network within the addiction treatment community.
- The company faces significant competition, as there are many treatment facilities across the United States, competing for patients typically covered by health insurance.

## Regulatory and Legal Context
- Ethema is not currently subject to any legal disputes that could materially affect its financial condition. 
- It operates under environmental regulations, but there are no reports of pending actions against it concerning environmental laws.

## Future Outlook
Ethema Health Corporation continues to adapt and expand its operations in the addiction treatment sector, focusing on further developing its services and client offerings in the evolving healthcare landscape. 

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### Note:
- This summary does not include specific financial metrics such as revenue or profit margins, as those were not provided in the detailed text. For more precise financial insights, further data from financial statements would be required.

ETHEMA HEALTH Corp

10-K / May 23, 2025

10-K / May 7, 2024

10-K / May 23, 2025

Company Summary - Ethema Health Corporation

Business Overview

Key Details

Operations and Services

Employees

Revenue & Income

Business Model

Financial and Operational Highlights

Summary