UnitedHealth Group's Optum has acquired Plymouth, Minn.-based CARE Counseling, the Star Tribune reported May 23.
Investment & Transactions
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.
Advertisement
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.
Despite a slow final quarter of 2023, investors expect mergers and acquisitions in the behavioral health sector to pick up in 2024.