US HealthVest completed refinancing with Capital One worth $130 million in debt capital. Announced Friday, the capital will help the New York City-based psychiatric hospital company acquire and establish de novo facilities. It has a portfolio of eight facilities that care for 30,000 patients. Its hospitals are in Illinois, Washington, Indiana and Georgia. Capital One’s […]
The Centers for Medicare and Medicaid Services (CMS) has released its 2025 proposed rule for prospective payments and policies for Medicare-reimbursed inpatient psychiatric facilities. CMS has proposed a 2.7% increase in the payment rate of inpatient psychiatric facilities (IPFs) for 2025. The agency estimates that the total payments to IPFs in 2025 will increase by […]
M&A is a critical strategic priority for Acadia Healthcare’s (Nasdaq: ACHC) CEO Chris Hunter. M&A has always been part of the relatively new CEO’s plan to double the revenue of the Franklin, Tennessee-based behavioral health giant. However, he and other executives previously made it clear that adding new beds via de novo facility expansion, joint […]
SUD provider Ideal Option opens high-capacity addiction clinic Kennewick, Washington-based Ideal Option opened a 4,000-square-foot “flagship” clinic primarily designed to provide buprenorphine-based medication-assisted treatment (MAT). The clinic was partly funded through the American Rescue Plan Act through the City of Great Falls, Montana. “The grant funding from the American Rescue Plan Act allows us to […]
Oklahoma state government breaks ground on 330-bed, $147M project Construction on the Donahue Behavioral Health Campus in Oklahoma City will begin on March 28. The project brings 330 beds to the city with a price tag of $147 million. The hospital will encompass 275 adult beds and 55 pediatric beds. It replaces Griffin Memorial Hospital […]
The number of state psychiatric hospital beds has dipped to a historic low. In turn occupancy rates have increased. New research from The Treatment and Advocacy Center paints a picture of a national state psychiatric hospital crisis, with 19 states decreasing the number of online beds by more than 20% since 2016. In 2023, the […]
Acadia (NASDAQ: ACHC) is prioritizing strategic investment in its technology capabilities and comprehensive treatment centers (CTCs) for opioid use disorder. At the JP Morgan Healthcare Conference, Acadia CEO Christopher Hunter said these priorities would “drive the business forward” over the next year. As the largest pure-play behavioral health provider, Acadia sets the tone for the […]
OU Health breaks ground on $141M pediatric behavioral health center University of Oklahoma-affiliated system, OU Health, broke ground on a new 82-bed behavioral health project on Nov. 1. The facility will cost about $141 million and serve the pediatric population. It will be named the Oklahoma Children’s Hospital OU Health Behavioral Health Center and be […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has plans to grow its partial hospitalization programs (PHP) and intensive outpatient programs (IOPs). Acadia’s preparations to weather the Medicaid redetermination storm have paid off and is now seeking to expand its continuum of care to meet increased needs and drive growth, according to its Q3 earnings call. The […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has agreed to pay $400 million to settle three cases filed against the company and former subsidiary Youth and Family Centered Services of New Mexico, which also operated under the name Desert Hills, according to a public SEC filing. In July, a jury awarded $485 million in compensatory and […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
