Veltex
- Company typePublic
- Founded1987
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Veltex firmographics
Firmographics- Name
- Veltex
- Legal name
- Veltex Corporation
- Website
- https://veltex.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Veltex is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Veltex business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Acquisition-based value creation: Veltex generates shareholder value through aggressive recuperation of lost resources and assets from litigation, combined with maximizing worth of recovered assets. The company pursues development and acquisition of companies in health, wellness, and recovery sectors. Revenue is derived from successful legal proceedings recoveries, asset recovery, and value appreciation of acquired entities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Veltex product offering
Product offeringCore offering
Veltex Corporation is a publicly traded holding company that acquires, develops, and operates companies in the health, wellness, and recovery sectors. The company pursues joint ventures and direct acquisitions of addiction treatment and rehab facilities, leveraging industry expertise in real estate assessment, HIPAA compliance, zoning, and licensing. Its portfolio includes operating subsidiaries Veltex Recovery Group (a women's substance use disorder recovery center in Mount Hope, WV) and Veltex Medical, Inc.
Product overview
Veltex Corporation is a registered holding company that operates as a health and wellness acquisition firm. The company pursues a multi-tiered strategy including joint ventures and collaboration agreements to develop and acquire companies in the health, wellness, and recovery sectors. Veltex's portfolio includes Veltex Recovery Group (an inpatient addiction treatment facility for women in Mount Hope, WV) and Veltex Medical, Inc. (supporting medical operations). The company targets rehab centers and treatment centers as investment opportunities, leveraging expertise in real estate assessment, HIPAA compliance, zoning, and licensing for these facilities.
Differentiator
Problem solved
Functional benefit
Brands
- Veltex Recovery Group: Leading substance use disorder recovery center for women located in Mount Hope, WV.
- Veltex Medical, Inc.
Products and services
- Veltex Recovery Group Leading substance use disorder recovery center for women located in Mount Hope, WV, offering inpatient addiction treatment services including alcohol and drug treatment, gambling, gaming, and eating disorder programs.
- Veltex Medical, Inc. Wholly-owned medical subsidiary of Veltex Corporation focused on medical services and healthcare operations, including the Mount Hope Complex in West Virginia developed through a strategic joint venture.
Companies that use Veltex
Customer profileSegments2 records
Ideal customer profiles2 records
Veltex technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Veltex partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Veltex Medical, Inc. and Light House Community Investment Agency, Inc.coreStrategic joint venture in West Virginia announced on May 24, 2021. The partnership was formed as a definitive agreement between Veltex Medical, Inc. and Light House Community Investment Agency, Inc. to pursue addiction treatment and recovery facilities development in the West Virginia region.
- American Stock Transfer & Trust CompanyminorTransfer agent services provider located in Brooklyn, New York handling stock transfer and trust services for Veltex Corporation.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Veltex competitors and assessment
Company assessmentBroad incumbents
- Universal Health Services: Major publicly traded hospital operator with a behavioral health division that includes substance abuse treatment capacity. Overlaps with Veltex at the inpatient addiction treatment level but operates as a much broader diversified healthcare platform.
- Acadia Healthcare: Large publicly traded behavioral health operator running inpatient psychiatric and substance abuse treatment facilities across the US. Broader and more diversified than Veltex, but operates overlapping addiction treatment services that compete for the same patient referrals and payer contracts.
Direct peers
- CleanSlate Centers: Multi-site outpatient addiction treatment provider operating across multiple states. Directly comparable to Veltex's addiction treatment target market, with a similar focus on medication-assisted treatment and scaling regional clinical capacity.
- Caron Treatment Centers: Long-established nonprofit addiction treatment provider offering inpatient and outpatient programs. Comparable to Veltex Recovery Group's inpatient model and to the kind of legacy brand Veltex targets for acquisition or partnership.
- BrightView Health: Outpatient addiction treatment platform with dozens of clinics across multiple states. Comparable to Veltex's planned footprint of acquired/operated treatment centers serving patients with substance use disorders.
- American Addiction Centers: Was the leading publicly traded pure-play addiction treatment operator in the US, running a network of inpatient and outpatient facilities. Directly comparable to Veltex's stated roll-up thesis in substance use disorder treatment, with substantially greater scale.
- Hazelden Betty Ford Foundation: Premier nonprofit addiction treatment provider, the organization where Veltex board member Dr. Harry L. Hartounian served as Physician Director. Most directly comparable brand and clinical standard in the inpatient addiction treatment space Veltex targets.
- Bradford Health Services: Privately held addiction treatment provider operating residential and outpatient programs across the Southeast. Directly comparable facility-level service model and regional roll-up profile to Veltex's target acquisition strategy.
Emerging players
- Summit Behavioral Health: Addiction treatment operator that built a multi-state network of treatment facilities through acquisition and development. Highly comparable as a recent roll-up platform against which Veltex's growth trajectory and execution pace can be benchmarked.
- Newport Healthcare: Behavioral health platform providing residential and outpatient treatment for adolescents and young adults with mental health and substance use conditions. Comparable in operating model and acquisition-driven growth approach to Veltex's specialty treatment strategy.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks2 records
Key highlights5 records
Customer concentration
Veltex social profiles
Digital presenceVeltex compliance and trust
Trust signalCompliance2 records
Veltex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veltex leadership team
Management profileNumber of profiles
Profiles4 records
Veltex subsidiaries and ownership
Company hierarchySubsidiaries2 records
Veltex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veltex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veltex
What does Veltex do?
Veltex Corporation is a publicly traded holding company that acquires, develops, and operates companies in the health, wellness, and recovery sectors. The company pursues joint ventures and direct acquisitions of addiction treatment and rehab facilities, leveraging industry expertise in real estate assessment, HIPAA compliance, zoning, and licensing. Its portfolio includes operating subsidiaries Veltex Recovery Group (a women's substance use disorder recovery center in Mount Hope, WV) and Veltex Medical, Inc.
Is Veltex a public or private company?
Veltex is a public company. It is classified as public and is currently operating.
When was Veltex founded?
Veltex was founded in 1987. It employs 11 to 50 people.
Where is Veltex based?
Veltex is headquartered in Chicago, United States, in the North America region.
How does Veltex make money?
One revenue line is on record: acquisition-based value creation.
Who are Veltex's main competitors?
Broad incumbents on record are Universal Health Services and Acadia Healthcare. Direct peers are CleanSlate Centers, Caron Treatment Centers, BrightView Health, American Addiction Centers, Hazelden Betty Ford Foundation and Bradford Health Services. Emerging players are Summit Behavioral Health and Newport Healthcare.
Does Veltex have an API?
No public API is recorded for Veltex.