ASHEVILLE – A $46 million lawsuit against an Asheville-based recovery management firm has been put on hold, unless owners of the company make periodic payments.
The owners of recovery management firm, Health Care Alliance North America, have entered into a forbearance agreement with former business associates to stave off a $46 million lawsuit, agreeing to “periodic payments” to avoid a confession of judgment.
HCANA is a management company for nine addiction and mental health treatment centers primarily across the Southeast. In Asheville, HCANA manages Oasis Recovery Center and Oasis Recovery II, along with Asheville Detox Center. The organization has provided recovery services to over 6,500 clients, according to HCANA’s website.
In December, the Citizen Times reported the majority shareholders in the company — HCANA CEO Jon Wood and business partner David Glenwinkel — had bought out other shareholders in a June promissory agreement totaling just over $15 million. Wood and Glenwinkel failed to pay before their Sept. 29 deadline.