New York plans to add 200 beds to its state-run psychiatric facilities as part of a $33 million investment in mental health.
Investment & Transactions
Construction is underway on a 72-bed behavioral facility in Youngstown, Ohio, as a joint venture between Mercy Health and Lifepoint Health.
Franklin, Tenn.-based Acadia Healthcare has acquired three comprehensive treatment centers in North Carolina.
Oklahoma State University-Oklahoma City has broken ground on a $150 million behavioral health hospital in partnership with the Oklahoma Department of Mental Health and Substance Abuse Services.
Private equity deals in behavioral health declined in 2023 but could pick up in 2024 as investors turn their attention to the space.
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California private equity firm HCAP Partners has acquired three behavioral health organizations to merge under PAX Health.
The global behavioral health market is expected to hit $107.3 billion over the next eight years, according to market analysis published March 7 by Allied Market Research.
Acadia Healthcare posted $57.7 million in net income in the fourth quarter of 2023, according to its earnings report published Feb. 27.
Acadia Healthcare has closed the acquisition of Turning Point Centers, a substance use and mental health treatment provider in Salt Lake City.
Atlanta-based outpatient mental health platform Hightop Health has acquired Austin-based Roots Behavioral Health.