(TNS) One of Kentucky’s largest for-profit residential addiction care treatment providers, which has been the subject of an FBI investigation for more than a year, is being sold, administrators confirmed Wednesday.

Addiction Recovery Care told staff this week that Ethema Health has signed a letter of intent to “acquire the assets and operations” of ARC as part of a “strategic consolidation.”

“Following necessary organizational changes, ARC’s ownership has determined that partnering with Ethema Health Corporation is the most responsible and forward-looking step towards a stronger future,” ARC said in an Oct. 22 press release. “Ethema will operate the considerable assets under its existing Kentucky brand, ARIA Kentucky.”

The announcement of the acquisition is the latest in a tumultuous ye

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