The Brentwood, Tennessee-based health care system Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado. The terms of the deal to acquire the Tucson, Arizona-based facility were not disclosed. Lifepoint Health has yet to respond to additional questions. Cornerstone Behavioral Health El Dorado encompasses 54 beds and employs about 100 people. Lifepoint Health will add […]
Serious mental illness (SMI) startup Vanna Health has raised $29 million ahead of its official launch. The company, which is centered around connecting patients with SMI to community resources with a value-based care approach, plans to use the new funding to help it grow out its partnerships and launch in a small number of states. […]
Reaching patients with serious mental illness (SMI) has traditionally been a challenge for the medical community. In fact, only 64.5% of patients with SMI received mental health treatment in the past year, according to the National Institute of Mental Health (NIMH). One of the biggest hurdles for the medical community at large is gaining the […]
Wages in psychiatric and substance abuse hospitals have dipped slightly, potentially signaling a slowing of wage inflation. That’s according to recently released data from risk management market research firm Hedgeye. Hourly wages for psychiatric and substance abuse hospital workers reached their lowest level year to date in September at $31.06 per hour. That mark is […]
Mental health operator Acadia Healthcare (Nasdaq: ACHC) has leveraged joint ventures, M&A activity and comprehensive treatment center (CTC) growth to add 600 beds in 2022. The Franklin, Tennessee-based company is doubling down on its plan to open more CTCs for opioid use disorder treatment, in particular. In the third quarter, Acadia opened two new CTCs. […]
Behavioral health inequities have led to a wave of premature deaths and, in turn, a large cost burden for the U.S. health care system. In fact, the cost burden of premature behavioral health-related deaths in the Black, Indigenous and people of color (BIPOC) community was $278 billion alone between 2016 and 2020. That’s according to […]
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 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 […]
Outpatient mental health and autism treatment providers make up most of the behavioral health operators that appear on the latest Inc. 5000 list of the nation’s fastest-growing companies. Seventeen of the 23 behavioral health operators featured on the list of the nation’s fastest-growing companies were outpatient mental health and autism treatment providers, according to a […]
New York City-based hybrid mental health provider Resilience Lab has added three high-level leaders to its management team. On Wednesday, Resilience Lab announced it hired Patrick Morselli as chief operating officer, John Hamby as general manager, and Alyssa Lin as head of growth. The hires are key to the company’s expansion strategy. All three have […]
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