Acadia, Covenant Health break ground on new behavioral hospital Acadia Healthcare (Nasdaq: ACHC) and Covenant Health have officially started construction on their newest inpatient behavioral health hospital, East Tennessee Behavioral Health. Franklin, Tennessee-based Acadia is a behavioral health provider that operates nearly 600 behavioral health facilities across the U.S., the U.K. and Puerto Rico. Meanwhile, […]
Acadia Healthcare
In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]
Behavioral health providers around the country are doing their best to meet the need for services while also mitigating the risks surrounding COVID-19. For some, that means suspending visitation and leaning into telehealth, while for others it means taking things day-by-day and case-by-case. Here’s how the behavioral health industry is responding to the coronavirus pandemic. […]
Florida behavioral health hospital fills CEO, HR positions North Tampa Behavioral Health Hospital has appointed Clint Hauger as its new CEO and Lorenzo Rivera as its new director of human resources. Hauger comes to position after former CEO Byron Coleman Jr. stepped down last December following allegations that he lacked proper qualifications for the job, […]
This week has been a rough one for U.S. stocks, with the S&P 500 halting trading twice and the Dow Jones Industrial Average experiencing its worst drop since 1987. Concerns over the coronavirus, or COVID-19, were largely to blame. The market’s drop took behavioral health stocks down with it, with Universal Health Services (NYSE: UHS) […]
Symetria Health may not be of the size of American Addiction Centers (OTC: AAC), Recovery Centers of America or other industry giants in the substance use disorder (SUD) treatment space. But if you ask CEO Chris Hassan, the Naperville, Illinois-based company is well on its way. Founded in 2006, Symetria Health is the parent company […]
Acadia Healthcare (Nasdaq: ACHC) has its eyes set on growth, with plans to add about 600 beds across new and existing facilities in 2020 and a “robust pipeline of approximately 30 projects” on the partnership front. Even the sale of Acadia’s UK business, expected for later this year, ties in, as it could eventually help […]
Last year was a busy one for transactions in the addiction treatment services market, with few in the industry as active as Discovery Behavioral Health (DBH), a portfolio company of Webster Equity Partners. Based in Los Alamitos, California, DBH is led by CEO John Peloquin, who helped strengthen the company’s already firm market foothold in […]
Most behavioral health providers agree it’s a good thing: The federal government continues to funnel more money into behavioral health initiatives, such as fighting the opioid epidemic and funding certified community behavioral health clinics (CCBHC). But as providers find themselves with more federal dollars, they’re also more likely to face increased scrutiny over their practices, […]
Odyssey Behavioral Healthcare names new president, COO Brentwood, Tennessee-based Odyssey Behavioral Healthcare, which provides a variety of treatment services at centers in seven states, has named Richard Clark as president and COO. Clark has more than 30 years of experience in health care, most recently serving as president of the Western Group for Franklin, Tennessee-based […]
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