LifePoint Secures Foothold in Behavioral Health, Finalizes Deal for US Behavioral Partners

Health system LifePoint Health is furthering its foothold in the behavioral health arena after completing the acquisition of Springstone’s operating company, U.S. Behavioral Partners. The acquisition, which was first announced in August, will add 18 behavioral health hospitals and 35 outpatient locations across nine states to Lifepoint’s network. It also signals that LifePoint is doubling […]

LifePoint Inks $250M Deal With Medical Properties Trust, Springstone Health Opco’s Management Group

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 […]

Jeff Pritchard Takes on Oceans Healthcare’s Newly Minted COO Role

Jeff Pritchard started at the bottom of the ladder in addiction treatment. In the early 1990s, he worked as a behavioral health technician in Terra Alta, West Virginia — population: 1,713. Today, he’s the new chief operating officer for Oceans Healthcare LLC, a fast-growing Plano, Texas-based psychiatric and addiction treatment provider. He started the role […]

Most Read Behavioral Health Care Stories in 2021

The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]

PE Firm Reportedly Looking to Sell SpringStone for $1B

Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub. The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]