Mississauga, ON -- (SBWIRE) -- 06/10/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Convalo Widens Footprint in Los Angeles and Revenue Projects Substantially with Two More Acquisitions."
Companies mentioned in this article include Convalo Health International (TSX-Venture:CXV).
Article Excerpt:
A lot of Americans need treatment for drug and alcohol addition, according to the website drugabuse.gov. Citing information from the annual National Survey on Drug Use and Health conducted by the Substance Abuse and Mental Health Services Administration, illicit drug use by Americans aged 12 and older increased from 2002 to 2012 (the latest year that data has been analyzed). Rates of alcohol dependence/abuse declined across that time, from 18.1 million people 12 and up (7.7% of population) to 17.7 million (6.8%). However, there remains a large "treatment gap," with an estimated 23.1 million Americans needing treatment for a drug or alcohol problem, but only about 2.5 million people getting treatment at a facility.
Either way, that's a sizeable addressable market now with room for growth, especially given the Affordable Care Act and Parity Act that encourages treatment by allowing children to be covered longer and requiring payment by private health insurers for services in the space. It is an opportunity for companies like upstart Convalo Health International (TSX-Venture:CXV) to execute and expand a business model focused on rolling up the fragmented US outpatient addition rehabilitation market. The company became public in February through a triangular amalgamation of capital pool company Valiant Minerals and 0986282 BC Ltd, a wholly owned subsidiary of Convalo.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/511/convalo-widens-footprint-in-los-angeles-and-revenue-projects-substantially-with-two-more-acquisitions.htm
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