The U.S. behavioral health market is poised for steady growth over the next decade, driven by rising mental health needs, increased substance use and expanded access to care, according to a Precedence Research study published Aug. 26. From shifting demographics…
Investment & Transactions
Executives from Nashville, Tenn.-based Centerstone and Springfield, Mo.-based Brightli are scheduled to sign a master transaction agreement Sept. 9 in Springfield, formalizing the merger of the two nonprofit behavioral healthcare organizations. The combined organization will adopt the Centerstone name and…
Buckeye Ranch, an Ohio-based, nonprofit organization, plans to open a $35 million youth mental health treatment facility in Grove City, Ohio, by the end of the year, according to a Sept. 5 report from CBS affiliate WBNS. The Hope Treatment…
Douglas County, Neb., is developing a $20 million mental health center expected to be completed by the end of 2026, according to a Sept. 4 report from NBC affiliate WOWT. The facility, which will be located in Omaha, will offer…
Irving-based New York Medical Center plans to convert the former Lakeshore Hospital in the city into a behavioral health and substance use recovery center. The $42 million project will convert the 173,000-square-foot facility in two phases, beginning with inpatient units…
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Running a behavioral health facility comes with a set of unique challenges that include regulations, specialized staff, and life-changing care to vulnerable populations. Frankly, wondering whether your banker understands your business is not usually top of mind. Yet, choosing the…
Montana officials are moving ahead with plans to build a new state-run behavioral health hospital near Billings, the Billings Gazette reported Aug. 20. The $26.5 million project was approved by the state legislature earlier this year and is intended to…
Charleston, S.C.-based MUSC Health will open its new $100 million behavioral health center on Aug. 25 in Florence. The Jean and Hugh K. Leatherman Behavioral Care Pavilion will serve as a regional behavioral health hub offering a mix of triage,…
Salt Lake City-based Intermountain Health is unveiling a new 90,000-square-foot pediatric behavioral health center in West Taylorsville, Utah on Aug. 22. The Intermountain Health Primary Children’s Hospital Behavioral Health Center will open to patients on Sept. 6 and was made…
New York City has awarded contracts to 13 mental health clubhouses for adults with severe mental health conditions through a $30 million investment by the state Department of Health and Mental Hygiene. Seven of the clubhouses will be newly established,…