Around 14% of psychiatric hospitals were private equity-owned in 2021, according to a study published May 22 in JAMA Psychiatry. In 2013, around 8% of psychiatric hospitals were private equity-owned. The study was conducted by researchers at Washington University in…
Investment & Transactions
Vail (Colo.) Health has opened a 28-bed, 48,000-square-foot inpatient psychiatric hospital in Edwards, Colo. The Precourt Healing Center is the only psychiatric hospital between Denver and Salt Lake City, according to a news release shared with Becker’s May 16. The…
Greenville, S.C.-based Prisma Health is planning to double its inpatient behavioral health capacity through the construction of a new $138 million hospital in Easley, S.C. Four things to know: 1. The health system broke ground on the 134,621-square-foot hospital May…
Sioux Falls, S.D.-based Sanford Health will expand its integrated pediatric behavioral health services. The Marsh McLennan Agency, a full service insurance company, will provide $1 million to the system over 10 years. The partnership will allow Sanford Children’s Hospital to…
Carbondale-based Southern Illinois Healthcare is planning a $20 million upgrade to its inpatient mental health facility. The Illinois Health Facilities and Services Review Board granted unanimous approval to the project, according to a May 7 news release. The system will…
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NexPhase Capital has acquired Los Angeles-based Behavior Frontiers, an autism therapy provider with locations in 12 states. Behavior Frontiers was previously owned by Lorient Capital, a private equity fund, according to a May 5 news release. During Lorient’s ownership, Behavior…
Teladoc has acquired virtual mental health provider UpLift in a $45 million deal. According to an April 30 news release, UpLift will continue to be led by current CEO Kyle Talcott. Purchase, N.Y.-based Teladoc has owned BetterHelp, a direct-to-consumer virtual…
Brightline Health has opened its first brick-and-mortar clinic in Brooklyn, N.Y. Brightline previously operated through a telehealth-only model. In September, the company shifted to a hybrid model, scaling down to a handful of geographic markets. The company is adding in-person…
Officials in San Joaquin County, Calif., have approved a $261.8 million substance use and mental health treatment center. The Be Well Campus will be built on 23 acres in French Camp, Calif., and offer crisis stabilization, detox and sobriety centers,…
Jacksonville, Fla.-based US Pediatric Partners has acquired Raleigh, N.C.-based Hope Services. The community-mental health provider operates three locations in the Raleigh area, according to an April 22 news release. US Pediatric Partners was formed by Webster Equity Partners, a private…