Acadia, Tower Health behavioral health facility acquired for $10.5M

An outpatient building leased by Reading (Pa.) Behavioral Healthcare was purchased by Silas Realty Trust, a healthcare real estate company, for $10.5 million.

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The 30,000-square-foot facility in Reading, Pa., is a joint venture between Franklin, Tenn.-based and West Reading, Pa.-based Tower Health, according to a May 22 news release from Silas Realty. 

The building serves as a treatment center for former patients of the adjacent Tower Health inpatient psychiatric facility and other patients that receive care on an outpatient basis, according to the release. 

At the Becker's Fall Behavioral Health Summit, taking place November 4–5 in Chicago, behavioral health leaders and executives will explore strategies for expanding access to care, integrating services, addressing workforce challenges and leveraging innovation to improve outcomes across the behavioral health continuum. Apply for complimentary registration now.

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Caring for the caregivers: How health systems are building benefits strategies with mental health at the core

Wednesday, August 12
1:00 PM - 2:00 PM CDT

Presenters: Mark DeFee, Lyra HealthDeborah Visconi, Bergen New Bridge Medical CenterSuneel Kumar Parvathareddy, MD, Advocate/Atrium Health Wilkes Medical CenterEric Parmenter, Quantum HealthMary Beth Lardazabal, DO, DFAPA, Allina Health

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