Behavioral health mergers and acquisitions have generated much buzz in the last couple of years, as dealmaking has reached record levels. However, some other providers are choosing to scale up operations by going a different route — joint ventures (JVs). Acadia Healthcare (Nasdaq: ACHC) and Universal Health Systems (NYSE: UHS) – two of the biggest […]
The startup Eleos Health announced Tuesday that it landed $20 million in Series A funding. The company — which has offices in Boston and Tel Aviv, Israel — casts itself as an integrated “CareOps Automation” provider for behavioral health providers that uses voice AI to interpret the conversation of patients and providers to generate post-session […]
Universal Health Services Inc (NYSE: UHS) has been seeing a high demand for health care services, even though it has also had to turn away some of that demand due to behavioral workforce shortages. Although bed capacity is on the rise for UHS, the hospital operator believes there is more room for improvement on the […]
Universal Health Services Inc. CEO Marc Miller struck a bullish tone on the near-term future of the company’s behavioral health division due to signs staffing challenges could be stabilizing. The underlying demand for the behavioral health side of Universal Health Services (NYSE: UHS) has risen since the onset of the pandemic. But the story from […]
The year 2021 was defined by the many struggles that organizations had largely foisted on them directly or indirectly by the ups and downs of the coronavirus pandemic. But many providers learned how to adapt to the new normal and began to tackle the even bigger challenges that a changing industry leveled on behavioral health […]
Universal Health Services Inc. struggled to staff up its behavioral health business despite being willing to pay a premium as it grapples with the national health care staffing shortage. However, the King of Prussia, Pennsylvania-based acute care and behavioral health company simply can’t find enough workers to fully staff up to meet the demand that […]
Nearly two years of brutal workforce pressures have led Universal Health Services Inc. (NYSE: UHS) to restructure its behavioral health patient care models to be less reliant on registered nurses. UHS CFO Steve Filton said the King of Prussia, Pennsylvania-based acute care and behavioral care company is finding state regulators receptive as it seeks clearance […]
Universal Health Services Inc. can’t fill gaps in its nursing workforce — even when it pays top dollar to hire contract nurses. Steve Filton, CFO for the King of Prussia, Pennsylvania-based behavioral and acute care giant, said that the present labor shortage in health care led UHS to cap bed capacity in the third quarter. […]
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 […]
Debbie Osteen, who as Acadia Healthcare’s (Nasdaq: ACHC) CEO has led the company’s growth while paring down on assets, is retiring from the company in early 2022. Osteen will continue to sit on the board of the Franklin, Tennessee-based behavioral health care giant and will assist in the transition and selection of a new CEO. […]
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