REAL ESTATE DEMAND IS CATCHING UP WITH SUPPLY FOR RE-EMERGING INDUSTRY
By Jessica Griffith
The number of freestanding behavioral health hospitals in the United States stands at 500, virtually unchanged from a decade ago.
However, demand is catching up with supply and the market is hot for acquisitions. Plus, new construction is beginning to surface.
“It’s a very popular segment of the healthcare industry,” says David Dempsey, an analyst who covers mental health as vice president of Avondale Partners LLC in Nashville, Tenn. “It doesn’t speak well to the health of the United States but it speaks well to the business model.”
About one in five American adults will be diagnosed with a mental disorder in any given year, according to statistics from the National Institute of Mental Health. Four of the 10 leading causes of disability are mental illnesses.
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