Ethema Health Corporation (OTC: GRST) and Addiction Recovery Care LLC have mutually agreed to terminate their previously announced Letter of Intent (LOI) to form a partnership. The decision, made public on December 31, 2025, effectively cancels the collaboration that was originally announced on October 22, 2025. According to the company’s press release, both parties decided not to move forward with the agreement.
Shawn Leon, CEO of Ethema Health, commented on the termination, stating, “We look forward to the year ahead and expect to continue growing our businesses in Florida and Kentucky and to continue serving our clients and the communities we operate in.” The statement suggests that Ethema will refocus on its existing operations in these two states, where it operates inpatient treatment facilities for substance use disorders.
The termination of the LOI comes as Ethema Health continues to navigate the behavioral healthcare market, specifically in the treatment of substance use disorders. The company has developed a unique treatment style over the past decade and has seen success with its inpatient programs for adults. The dissolution of the partnership may allow Ethema to concentrate on refining its own programs and techniques without the complexities of integrating with another provider.
For Addiction Recovery Care LLC, the termination also frees the company to pursue other opportunities or continue its own growth trajectory independently. The mutual agreement indicates that both parties see more value in going their separate ways rather than proceeding with the original partnership plan.
Investors may view this development as a shift in strategy for Ethema Health, which has been expanding its footprint in Florida and Kentucky. The company’s forward-looking statements caution that actual results may differ materially from expectations due to known and unknown risks. Ethema assumes no obligation to update these statements publicly, even if new information becomes available.
For more information about Ethema Health Corporation and its services, visit their website at www.ethemahealth.com. The original press release can be viewed on NewMediaWire.
