Acadia forms JV with Geisinger
Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects.
The first of the two facilities will open next year in Moosic, a town in the northeastern part of Pennsylvania. Construction is expected to begin this fall.
The second hospital will be in Danville, which is located north of the state capital in Harrisburg. Construction is expected to begin some time next year, and the facility is expected to open in 2023.
Both facilities will serve adult and pediatric patients. Additionally, the 73,000-square-foot facilities will have 96 beds each.
The planned facilities are in line with Acadia’s goals to build more hospitals as part of its future growth strategy, which the provider talked about during its Q4 and year-end 2020 earnings call in February. The company also followed up on those plans late last month, when it announced it had entered into a JV agreement to build a hospital in Indiana.
One of the largest behavioral health care companies in the country, Franklin, Tennessee-based Acadia operates 227 facilities across 40 U.S. states and Puerto Rico.
Meanwhile, Geisinger serves over a million people across Pennsylvania and New Jersey, and operates nine hospital campuses along with the Geisinger Commonwealth School of Medicine.
UHS partners with Mercy Health to build new hospital
An affiliate hospital of Universal Health Services (NYSE: UHS) has entered into a partnership with Mercy Health to construct a new inpatient behavioral health facility.
Havenwyck Health, which is based in the Detroit suburb of Auburn Hills, has been issued a certificate of approval by the state to build a 60-bed adult hospital in Grand Rapids, Michigan, where Mercy Health is based. The facility also calls for space for the addition of 24 geriatric beds, along with room for future expansion.
The proposal is subject to additional municipal and regulatory approvals, but if all are granted, construction will begin on the facility in 2021, with a tentative opening date expected for spring 2023.
Mercy Hospital is a Catholic health care system provider that operates three campuses with over 730 beds in western Michigan.
Meanwhile, UHS is one of largest hospital management companies in the country. Headquartered in King of Prussia, Pennsylvania, it operates more than 330 behavioral health facilities across the U.S., the United Kingdom and Puerto Rico.
Caravel Autism Health expands reach with new facility
Caravel Autism Health has announced that it is opening a new facility in Moorhead, Minnesota.
Based in Green Bay, Wisconsin, Caravel provides applied behavioral analysis (ABA) services to children with autism spectrum disorder (ASD). ABA is widely considered to be the gold standard of autism care.
Caravel operates nearly 40 centers across Wisconsin, Minnesota, Illinois and Iowa. The new center in Moorhead — which is located in the Fargo, North Dakota metropolitan area — is its 10th location in Minnesota.
Founded in 2009, Caravel is backed by the private equity and venture capital firm Frazier Healthcare Partners.
SaVida Health expands Southern footprint
The outpatient medication-assisted treatment (MAT) company SaVida Health is expanding its reach in Virginia with the opening of a new addiction treatment facility in Wytheville.
Located in the southwestern part of the state not far from the Tennessee border, the Wytheveille location offers MAT with suboxone and vivitrol. Appointments for medical care and counseling are available on a weekly, biweekly or monthly basis, with appointments by telehealth also offered.
The Wytheville center — which accepts Virginia Medicaid, Medicare and commercial insurance — is SaVida’s ninth location in Virginia. Overall, SaVida operates over 25 facilities across Vermont, Delaware, Maine, Massachusetts and Virginia.
SaVida is headquartered in Nashville, Tennessee, and backed by the private equity firm Council Capital.
Vertava Health adds two new centers in Ohio
Nashville, Tennessee-based Vertava Health, a mental health and SUD provider, has opened two new outpatient centers in Ohio.
The centers are located in the Cleveland suburb of Rocky River and the Columbus suburb of Westerville. Both facilities offer intensive outpatient (IOP) and partial hospitalization programming (PHP) for conditions such as substance use disorder (SUD), post traumatic stress disorder (PTSD), anxiety and depression.
Vertava currently operates two other facilities in the Ohio cities of Sherrodsville and Dublin. It also operates seven locations across Massachusetts, Mississippi, Tennessee and Texas.
SUD treatment provider adds women’s OUD facility
Asheville Recovery Center, a SUD treatment facility in Asheville, North Carolina, has opened a new, all-women’s space on-site to treat opioid use disorder (OUD).
The space, which is called The Nest, provides residential care for up to 11 patients, and expands Asheville Recovery Center’s capacity by 30%. The Nest comes in response to statistics showing the lack of adequate SUD treatment options for women, according to a press release announcing the opening.
Asheville Recovery Center provides treatment for alcoholism and SUD. It offers IOP, PHP and residential services, and the center is in-network with various large payers.