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.
Investment & Transactions
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.
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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.
New York plans to add 200 beds to its state-run psychiatric facilities as part of a $33 million investment in mental health.
Construction is underway on a 72-bed behavioral facility in Youngstown, Ohio, as a joint venture between Mercy Health and Lifepoint Health.