HonorHealth and Universal Health Services, Inc. (NYSE: UHS) have signed an agreement to open a new behavioral health hospital in the greater Phoenix area.
Financial terms of the deal were not disclosed.
HonorHealth is a nonprofit health system serving about 1.6 million people in and around Phoenix. It has five acute-care hospitals, multiple outpatient surgery centers, a medical group and a cancer care network, among other facilities and service offerings.
Meanwhile, UHS is one of the largest hospital management companies in the country. Based in King of Prussia, Pennsylvania, it has more than 350 acute-care hospitals and behavioral health facilities in the U.S. and England, as well as more than 30 outpatient facilities.
The goal of the partnership is to expand resident’s access to behavioral health programs and services with the new 120-bed behavioral health facility.
UHS will be the majority owner, overseeing day-to-day operations and management of the 73,000 square-foot facility set to open in 2021, according to a press release announcing the news.
Groundbreaking for the hospital is set for January 2020.
The new facility will provide behavioral health services across the continuum of care, serving adolescents through seniors for conditions such as depression, anxiety, bipolar disorders and schizophrenia, among others. Treatment programs will vary in terms of intensity, with inpatient and outpatient options.
Additionally, the new hospital will also offer a number of specialty programs. For example, it will have a program catering to those with co-occurring behavioral health and substance abuse issues, as well as specialty programs for patients of different ages and those with specific mental health conditions.
Plus, behavioral health assessments will be available 24 hours a day, according to a press release announcing the news.