LifePoint opens new joint venture with Baystate Health Behavioral health operator Lifepoint Health and nonprofit health system Baystate Health have opened a new joint venture Valley Springs Behavioral Health Hospital. LifePoint operates the Massachusetts-based facility, offering inpatient behavioral health services for teens and adults. It will include 150 private and semi-private rooms, as well as […]
Category: Facility Type
Thurston Group-backed behavioral health provider ARC Health has acquired Dayspring Behavioral Health. This new purchase is part of ARC Health’s larger, ambitious M&A strategy. Since the company’s inception in 2021, it has closed more than a dozen acquisitions. Dayspring Behavioral Health brings four locations in the Seattle Metro area to the table. The practice, which […]
The vast majority of private equity-backed mental health companies that take insurance prioritize commercial health plan patients. This strategy has led to head-turning adjusted earnings margins. An analysis of companies tracked by the data firm PitchBook, in partnership with Definitive Healthcare, finds that commercial health plans represent 92% of total charges and 86% of claims. […]
LifeStance Health Group Inc. (Nasdaq: LFST) is on track to close more offices than it previously announced as its business remains mostly virtual. On Wednesday, Danish Qureshi, company president and chief operating officer, said that virtual visits accounted for 73% of all visits across LifeStance in the second quarter and 75% in the first quarter. […]
Sabra Healthcare REIT (Nasdaq: SBRA) boasts its most diversified portfolio as it continues to invest in behavioral health properties. While most of the Irvine, California-based real estate investment trust’s (REIT) assets are in the skilled nursing facility (SNF) and senior living spaces, behavioral health now makes up about 14% of its asset concentration. “Our portfolio […]
In the U.S., it can often take individuals months to get appropriate behavioral health care. As a result, emergency departments across the country are seeing a massive uptick in patients seeking these types of services. Some health systems – Intermountain Health, Geisinger Health and M Health Fairview among them – are combatting this issue by […]
Acadia Healthcare Company (Nasdaq: ACHC) is attributing recent revenue growth to favorable rate increases across service lines and decreasing wage inflation. This comes after a long stretch of workforce challenges and rising salaries. Those developments bode well for the behavioral health industry at large. “The labor environment continues to show signs of improvement, positioning the […]
Universal Health Services Inc.’s (NYSE: UHS) behavioral health segment grew in the second quarter, as patient volumes and lengths of stay improved at its acute behavioral health facilities. However, UHS management deemed the company’s Q2 2023 earnings results for the segment a bit of a slowdown compared to recent performance. Still, UHS is bullish on […]
Traditional nonprofit health systems have seen an enormous uptick in behavioral health patients. In turn, they are struggling to keep up with the demand. At the same time, many behavioral health providers are looking to grow their geographical footprint. As a result, health systems and behavioral health providers are eying more joint venture partnerships than […]
Universal Health Services (NYSE: UHS) has tapped Oracle to expand its electronic health record (EHR) system across its behavioral health network. While the provider has used Oracle’s EHR in its acute care hospitals for a decade, expanding the technology into its behavioral health facilities will give it a unified system across the entire organization. UHS […]
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