Renown Health is investing $650,000 for a new health and addiction center in Reno. Our contributor Kaleb Roedel of the Northern Nevada Business ViewReports.
Editor’s Note: The text of this story has been edited to reflect a correction. The copy now reads as "Charles and Stacie Mathewson will donate $6 million over the next five years to establish the health and addiction institute in Northern Nevada, after their son’s death by overdose." The previous text stated that the Mathewson’s had donated the money over the past five years.
The money to fund the Stacie Mathewson Behavioral Health and Addiction Institute, comes from a $220 million multi-state deceptive trade practices settlement with Deutsche Bank that fraudulently manipulated the London Interbank Offered Rate.
Renown Health was one of the organizations impacted by the rate manipulation and recovered $650,327 in restitution from the settlement.
Charles and Stacie Mathewson donated $6 million over the next five years to establish the health and addiction institute in Northern Nevada, after their son's death by overdose.
Nevada has the highest prevalence of mental illness and substance abuse along with limited access to treatment and care providers.
According to Mental Health America's 2018 state of Mental Health Report, the Silver State ranked 51st in the nation for the second straight year.
To read the rest of the story, visit the Nothern Nevada Business View.
Editor’s Note: The text of this story has been edited to reflect a correction. The copy now reads as "Charles and Stacie Mathewson will donate $6 million over the next five years to establish the health and addiction institute in Northern Nevada, after their son’s death by overdose." The previous text stated that the Mathewson’s had donated the money over the past five years.
