Substance use treatment provider Pinnacle Treatment Centers could be up for sale, according to Axios Pro. Linden Capital Partners, a Chicago-based private equity fund, acquired its controlling stake in Pinnacle in August 2016. Axios reports that Linden Capital retained Lincoln International to oversee the sale of Pinnacle Treatment Centers. Founded in 2016, the Mt. Laurel, […]
Community partners are at the heart of Pinnacle Treatment Centers Inc.’s recent acquisition of substance use disorder provider Stepping Stone of North Carolina. This marks the Mt. Laurel, New Jersey-based addiction treatment provider’s expansion into a ninth state market. The deal also encapsulates the driving mission of the company. Its purpose, CEO Joe Pritchard said, […]
UHS celebrates “beam-topping” of new JV with Valley Children’s Healthcare Universal Health Services (NYSE: UHS) recently celebrated a milestone “beam topping” event in the construction of its newest hospital, River Vista Behavioral Health in Madera, California. Construction workers successfully placed the final steam beam atop the 81,600-square-foot, 128-bed facility, which is situated in California’s Central […]
Oceans Healthcare enters JV to build new facility, expand services Oceans Healthcare has announced a joint venture (JV) with CHRISTUS Spohn Health System, a Corpus Christi, Texas-based hospital operator, to expand its behavioral health care services in the southern coastal part of the state. As part of the arrangement, the pair will build a behavioral […]
Pinnacle adds new facility Pinnacle Treatment Centers has opened its newest facility in Virginia, located in the northern part of the state in Culpeper. Culpeper Treatment Services provides outpatient medication-assisted treatment (MAT) services with medications such as methadone and buprenorphine, in addition to counseling. The new facility — which accepts Medicaid — is Pinnacle’s 11th […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]
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