Facility investor and owner US HealthVest and provider OSF HealthCare System announced a joint venture (JV) agreement to build the largest inpatient psychiatric hospital in Illinois south of Chicago. The deal between New York, City-based US HealthVest and Peoria-based OSF HealthCare exemplifies a core part of US HealthVest’s business strategy and the wider trend of […]
Health system Henry Ford Health and behavioral health provider Acadia (Nasdaq: ACHC) have broken ground on their joint venture hospital that was first announced in 2020. The pair are touting the “state-of-the-art” facility, which will also be an academic hub, as a pipeline for next-generation behavioral health clinicians as well. And as for the bigger […]
Behavioral health giant Acadia Healthcare Co. Inc. (Nasdaq: ACHC) brought new leadership to its comprehensive treatment centers division. Dr. Nasser Khan is now operations group president for the division, effective Sept. 6. This division includes 145 centers across the U.S. He reports to John Hollinsworth, Acadia Healthcare’s executive vice president of operations. The comprehensive treatment […]
Universal Health Services’ (NYSE: UHS) behavioral health and acute care business segments could be more connected in the future. While the two segments have largely remained siloed, the move towards holistic care could give the publicly traded company leverage in the future. “To be perfectly candid, historically our two business segments have not enjoyed a […]
Inpatient psychiatric and other behavioral health facilities could be easier to finance should a newly requested congressional probe and new legislation become reality. A group of lawmakers on the U.S. House Committee on Financial Services has asked the U.S. Government Accountability Office (GAO), a congressional research agency, to study the impact of allowing facilities that […]
Inpatient psychiatric hospital companies are seeing market-specific opportunities to develop new facilities in the face of a decades-long national decline in psych beds. This new era is marked by growth-minded companies seeking to make the most of the massive demand for acute psychiatric services and other high-acuity services. For example, privately held Summit BHC (backed […]
Nashville-based telepsychiatry company MindCare Solutions Group Inc. acquired telehealth and on-site mental health provider Psych360 for an undisclosed sum. The deal, announced Tuesday, gives MindCare Solutions Group telehealth and on-site mental health services in the long-term care facility space. MindCare Solutions Group offers 24/7 telepsychiatry and behavioral health services to hospitals, emergency departments, outpatient clinics […]
LifePoint Health Inc. will acquire a majority stake in Springstone Health Opco’s management group U.S. Behavioral Partners. The deal values the company at $250 million. LifePoint Health, a Brentwood, Tennessee-based diversified health care operator, will pay $200 million to satisfy a debt interest that health care REIT Medical Properties Trust Inc. (NYSE: MPW) holds with […]
With experience in both the private and public sector, Jayne Van Bramer is now tasked with leading Maine’s largest nonprofit health system: Sweetser. The newly minted president and CEO spent the bulk of her career working with the New York State Office of Mental Health. There, she served as the senior associate commissioner for state-operated […]
For Luminis Health’s top executive, building a behavioral health pavilion was a matter of health equity. The company’s new pavilion, which opened its doors in June, was born out of a dire need for behavioral health facilities in Prince George County, Maryland. Currently, there are only two inpatient mental health facilities in a county of […]
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