University of Michigan Health-Sparrow is proposing a $97.2 million, 120-bed psychiatric facility in Lansing, Mich., the Lansing State Journal reported July 7.
Investment & Transactions
Shore Capital Partners sold Behavioral Innovations to Tenex Capital Management, another private equity firm.
Construction is underway on a $100 million behavioral health facility in Anchorage, Alaska, the Anchorage Daily News reported May 28.
UnitedHealth Group's Optum has acquired Plymouth, Minn.-based CARE Counseling, the Star Tribune reported May 23.
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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Mergers and acquisitions in the behavioral health space hit their highest level in more than a year in the first quarter of 2024, according to a May 16 report from Mertz Taggart.
California will make $3.3 billion in funding for mental health treatment sites available months ahead of schedule.
University of Washington Medicine opened a 150-bed, $244 million behavioral health facility in Seattle.
Allentown, Pa.-based Lehigh Valley Health Network and King of Prussia, Pa.-based Universal Health Services will open a 144-bed behavioral hospital in Hanover Township, Pa.
Texas will construct a $159 million inpatient mental health facility in Amarillo.