Struggling Rubicon selling assets

RICHMOND, Va. (WRIC) — A substance abuse treatment center in Richmond struggling for years to operate is cutting its losses

Rubicon is now selling its assets.

The Richmond Behavioral Health Authority has agreed to buy Rubicon and keep that treatment center in the city.

RBHA is Rubicon’s largest client.  The executive director tells 8News that they have signed a letter of intent to buy Rubicon’s assets and take over drug treatment center.

It will take about six months to complete the deal and for the RBHA to get the licenses they need.

They also plan to reformat programs and hire new staff.

In the meantime, treatments will continue as usual.

Rubicon has been serving the community for 45 years but an 8news investigation in 2013 revealed the treatment center was struggling to pay creditors.

Several employees said back then that their paychecks were often a week or two late.

RBHA’s director says that this is a way to save the center, which was on the brink of closure.

Rubicon’s current employees, about 100 staffers, are not guaranteed a job once the takeover is complete, but employees will have a chance to apply for a position.

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