King of Prussia-Pa.-based Universal Health Services and Livonia, Mich.-based Trinity Health Michigan will open their joint behavioral health hospital in the near future. The health systems held a ribbon-cutting ceremony for Southridge Behavioral Hospital May 21. The 96–bed facility in…
Investment & Transactions
Around 14% of psychiatric hospitals were private equity-owned in 2021, according to a study published May 22 in JAMA Psychiatry. In 2013, around 8% of psychiatric hospitals were private equity-owned. The study was conducted by researchers at Washington University in…
Vail (Colo.) Health has opened a 28-bed, 48,000-square-foot inpatient psychiatric hospital in Edwards, Colo. The Precourt Healing Center is the only psychiatric hospital between Denver and Salt Lake City, according to a news release shared with Becker’s May 16. The…
Greenville, S.C.-based Prisma Health is planning to double its inpatient behavioral health capacity through the construction of a new $138 million hospital in Easley, S.C. Four things to know: 1. The health system broke ground on the 134,621-square-foot hospital May…
Sioux Falls, S.D.-based Sanford Health will expand its integrated pediatric behavioral health services. The Marsh McLennan Agency, a full service insurance company, will provide $1 million to the system over 10 years. The partnership will allow Sanford Children’s Hospital to…
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Carbondale-based Southern Illinois Healthcare is planning a $20 million upgrade to its inpatient mental health facility. The Illinois Health Facilities and Services Review Board granted unanimous approval to the project, according to a May 7 news release. The system will…
NexPhase Capital has acquired Los Angeles-based Behavior Frontiers, an autism therapy provider with locations in 12 states. Behavior Frontiers was previously owned by Lorient Capital, a private equity fund, according to a May 5 news release. During Lorient’s ownership, Behavior…
Teladoc has acquired virtual mental health provider UpLift in a $45 million deal. According to an April 30 news release, UpLift will continue to be led by current CEO Kyle Talcott. Purchase, N.Y.-based Teladoc has owned BetterHelp, a direct-to-consumer virtual…
Brightline Health has opened its first brick-and-mortar clinic in Brooklyn, N.Y. Brightline previously operated through a telehealth-only model. In September, the company shifted to a hybrid model, scaling down to a handful of geographic markets. The company is adding in-person…
Officials in San Joaquin County, Calif., have approved a $261.8 million substance use and mental health treatment center. The Be Well Campus will be built on 23 acres in French Camp, Calif., and offer crisis stabilization, detox and sobriety centers,…