Finance

In recent months, major gifts from donors and corporations — ranging from $25 million to more than $100 million — have fueled new behavioral healthcare hospitals, pediatric psychiatric facilities and systemwide initiatives aimed at expanding access and capacity. Here are…

The Stanley Family Foundation has committed $280 million to the Stanley Center for Psychiatric Research at the Broad Institute, bringing its total investment in the center to more than $1 billion.  The funding supports research into schizophrenia and bipolar disorder,…

The U.S. Department of Veterans Affairs is offering $112 million in grant funding to support organizations that provide suicide prevention services to veterans.  Funding is available through the Staff Sergeant Parker Gordon Fox Suicide Prevention Grant Program to nonprofit organizations,…

San Francisco secured nearly $100 million in Proposition 1 funding to expand behavioral health treatment capacity across three sites, including a project at University of California, San Francisco Health Hyde Hospital.  The funding includes $70.2 million to add 50 locked…

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…

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…

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.…