California’s proposed nurse-to-patient ratio regulations for psychiatric hospitals could cost more than $145.2 million statewide, including $107.7 million for salaries and benefits and $37.5 million for recruitment, training and onboarding costs, according to a March 6 letter from the California…
Finance
The Substance Abuse and Mental Health Services Administration is offering $69.1 million in funding opportunities through three behavioral health grant programs. The funding includes $43 million for the Children’s Mental Health Initiative, which provides community-based mental health services for individuals…
Manchester, N.H.-based Catholic Medical Center is planning to end outpatient behavioral health services by the end of March, the New Hampshire Union Leader reported March 6. The hospital will continue offering urgent mental health services through its emergency department. Catholic…
San Bernardino County in California will receive $1.1 million in federal community project funding to rehabilitate the Merrill Center Crisis Stabilization Unit in Fontana. The behavioral health facility serves as a mental health urgent care center and stabilizes between 300…
Children’s Mercy, based in Kansas City, Mo., has raised $150 million to address the pediatric mental health crisis across the region. The five-year Illuminate initiative, launched in summer 2023, focuses on facilitating early intervention, increasing specialty services, investing in research…
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King of Prussia, Pa.-based Universal Health Services is expecting to see a $35 million pre-tax earnings headwind in 2026 from the implementation of California’s emergency staffing regulations for freestanding psychiatric hospitals. The regulation is slated to take effect June 1.…
University of California Los Angeles Health has received a $100 million gift from Steward and Lynda Resnick to expand behavioral healthcare services and support completion of its neuropsychiatric hospital and comprehensive mental health campus. The hospital and outpatient clinic complex…
King of Prussia, Pa.-based Universal Health Services recorded a net income of $1.5 billion in 2025, up from $1.1 billion in 2024, according to its Feb. 25 financial report. Eight things to know: 1. The for-profit system reported an operating…
Franklin, Tenn.-based Acadia Healthcare reported a fourth-quarter net loss attributable to Acadia of $13.02 per diluted share after recording a $996.2 million non-cash goodwill impairment charge, the company said in its fourth-quarter and full-year 2025 results. Here are five things…