Investment & Transactions

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.

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. 

Highland Clarksburg (W.Va.) Hospital unveiled a 20-bed voluntary behavioral health inpatient unit May 6, according to WVNews.

Acadia Healthcare plans to open 14 new comprehensive treatment centers in 2024.