Skip to main content

Catalyzing worker co-ops & the solidarity economy

Why a Healthcare Entrepreneur is Selling His Business to Employees

In 2006, Dr. Richard Warner opened Colorado Recovery, a treatment facility in Boulder, Colorado to serve people with serious mental illnesses. A UK-trained psychiatrist with 30 years of experience in the public sector in Boulder, Warner wanted to create a non-hospital treatment center that focused on respectful, compassionate, and optimistic care.

“We treat every client,” he says, “as if he or she were our next of kin.”

In 2011, nearing retirement, Warner found himself facing an important decision: what to do to ensure that the facility carried on the values he had imparted. He had experienced, first-hand, a facility changing drastically—and even falling apart—when leadership changed, so he was looking for alternatives to simply selling to a new owner. After much research, he found the perfect solution to maintain the facility’s high standards and core values: sell Colorado Recovery to the employees

Read the full article at Shareable

 

Go to the GEO front page

Add new comment

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is to verify that you are a human visitor and to prevent automated spam.

What does the G in GEO stand for?