US HealthVest completed refinancing with Capital One worth $130 million in debt capital. Announced Friday, the capital will help the New York City-based psychiatric hospital company acquire and establish de novo facilities. It has a portfolio of eight facilities that care for 30,000 patients. Its hospitals are in Illinois, Washington, Indiana and Georgia. Capital One’s […]
Demand for behavioral health services has skyrocketed in recent years, driving the need for providers and health systems to expand their geographic footprints. In the process, some are finding great success with joint venture partnerships. JV deals have become a key method to meet the rising need for behavioral health services, and hospital systems are […]
Traditional nonprofit health systems have seen an enormous uptick in behavioral health patients. In turn, they are struggling to keep up with the demand. At the same time, many behavioral health providers are looking to grow their geographical footprint. As a result, health systems and behavioral health providers are eying more joint venture partnerships than […]
Facility investor and owner US HealthVest and provider OSF HealthCare System announced a joint venture (JV) agreement to build the largest inpatient psychiatric hospital in Illinois south of Chicago. The deal between New York, City-based US HealthVest and Peoria-based OSF HealthCare exemplifies a core part of US HealthVest’s business strategy and the wider trend of […]
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 […]
Opened Ohio children’s hospital unveils behavioral health center Nationwide Children’s Hospital in Columbus, Ohio, has opened a new building on its campus to provide behavioral health services to patients. Construction on the new facility cost $159 million, according to the Columbus Dispatch. Both Nationwide — the Fortune 500 insurer and financial services manager for which […]
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