Recovery Centers of America Selects NES Financial for Comprehensive Third-Party Fund Administration

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Evolving EB-5 market requires institutional-quality fund administration to efficiently raise and deploy capital, and effectively reduce operational risk

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“NES Financial has brought institutional quality third-party fund administration to EB-5, which represents a tremendous value to us and our investors,” said Bill Bora, General Manager.

NES Financial announced today it has been selected by Recovery Centers of America to provide third-party administration for a $150 million EB-5 project to continue to expand and enhance its innovative brand of healthcare centers and services. America Now will serve as the Regional Center.

Recovery Centers of America is a leading-edge behavioral health operator providing the full spectrum of care for patients with substance abuse issues through state-of-art health centers strategically located in the Northeast U.S. With a total of six health centers slated to be fully operational by fall 2017, Recovery Centers of America will have a significant healthcare footprint in the region, serving over 1 million patients.

“NES Financial has brought institutional quality third-party fund administration to EB-5, which represents a tremendous value to us and our investors,” said Bill Bora, General Manager. “Their technologies and financial expertise have transformed EB-5 administration. And that’s what Recovery Centers of America is doing in the substance abuse disorder treatment industry.”

“Ensuring Recovery Centers of America and their investors achieve their goals in an evolving EB-5 environment is what our business is all about,” states Reid Thomas, NES Financial Executive Vice-President. “In more practical terms, our EB-5 administration solutions are designed to efficiently handle the complex capital, accounting, and process administration of an EB-5 project from start to finish, with the highest level of compliance, security, and transparency.”

Designed to help raise capital faster, reduce risk, and ensure success for issuers and investors, the comprehensive NES Financial EB-5 Administration Solution will be used for the entire life cycle of the project’s EB-5 fund, providing institutional-quality practices and services, from capital and accounting administration to documentation and process management required by the EB-5 visa program.

About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 transactions annually, and has worked with over 550 EB-5 projects. For more information, visit http://www.nesfinancial.com.

About Recovery Centers of America

Recovery Centers of America (“RCA”), is the fastest growing addiction treatment provider in the U.S., making treatment for addiction and other mental health disorders as affordable and accessible as any other disease. Based in King of Prussia, PA, RCA’s more than 600 employees have a single purpose: to save 1,000,000 lives – one neighborhood at a time. With world-class clinical treatment in state-of-the-art facilities throughout New England, New Jersey, Pennsylvania, and Maryland, every RCA patient is given the highest standard of care and evidenced-based treatment with dignity and respect close to where they live and work. For more information, visit http://www.recoverycentersofamerica.com or call 1-800-RECOVERY.

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Laura Kelly
NES Financial
+1 (408) 367-0826
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since: 07/2010
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