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Investment & Transactions

Lansing, Mich.-based UM Health-Sparrow will build a behavioral health hospital in Lansing after the University of Michigan board of regents approved the project Feb. 19.  The 64-bed, $83 million behavioral health hospital will be built on vacant UM Health-Sparrow-owned property…

Southfield, Mich.-based Straith Hospital has opened a specialized behavioral health unit designed to serve children and adolescents with “profound autism and severe behavioral challenges.”  The 16,630-square-foot unit has 12 inpatient beds for 24/7 care and provides behavior analysis as well…

Matthews, N.C.-basedThompson Child & Family Focus and Hornet Sports & Entertainment, the organization that owns the NBA’s Charlotte Hornets, have expanded a multiyear partnership aimed at advancing youth mental health support across the Carolinas.  The collaboration introduces Hive Mind, a…

Frisco, Texas-based Magellan Health has entered into an agreement to be acquired by Madison Health Group, according to a Feb. 13 LinkedIn post from Magellan. Magellan Health CEO Caroline Carney, MD, will continue to lead the company. The transaction will…

Charlotte, N.C.-based Advocate Health has invested an additional $1 million into “A Home for All,” an initiative to address homelessness and housing instability in Mecklenburg County.  The investment builds on the system’s prior $21 million commitment to housing programs in…

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Westmont, Ill.-based Stella Mental Health has launched Stella Newton, its second Massachusetts location, expanding access to interventional psychiatry care in the Greater Boston area.  The Newton clinic offers Spravato therapy, intravenous ketamine infusions, deep transcranial magnetic stimulation, accelerated TMS and…

Enlightened Recovery, a provider of behavioral healthcare and substance use disorder treatment, has opened a 22-bed residential treatment facility on its more-than-300-acre main campus in Egg Harbor Township, N.J. The newly constructed facility opened Jan. 12 and expands the organization’s…

Bergen New Bridge Medical Center, a safety-net hospital in Paramus, N.J., has completed an expansion of its emergency department that increased capacity from 19 to 47 treatment beds, with a significant focus on behavioral healthcare.  The expansion more than doubles…

The state of Ohio is directing $20 million to support six children’s wellness campuses across the state.  The funds will be used to create four new child wellness campuses and expand two existing campuses. The facilities aim to provide short-term…

The Oklahoma Department of Mental Health and Substance Abuse Services has finalized its purchase of a facility in Oklahoma City.  The site, previously owned by St. Louis-based SSM Health, will be renamed the Oklahoma City Behavioral Health Campus and is…

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