News Release: Centra Announces Largest Modernization Plan in its History for Lynchburg Campus
Centra’s multi-year Modernization Plan will encompass the most significant facility improvements and capital investments in its history. Aligning with Centra’s long-term Strategic Plan, the 500-million-dollar investment will address different community needs based on findings from the 2021 Community Health Needs Assessment. The first phase of the Modernization Plan is a revitalization and expansion of the […]
News Release: Acadia Healthcare Breaks Ground on New Behavioral Health Hospital in Arizona
Inpatient Treatment Facility Will Be Named Agave Ridge Behavioral Hospital MESA, Ariz.–(BUSINESS WIRE)–Acadia Healthcare Company today held a groundbreaking ceremony marking the beginning of construction on the new hospital that the company is building to serve residents of Mesa, Arizona, and surrounding communities. Slated to open in early 2024, the 100-bed acute care behavioral health […]
News Release: Medical Properties Trust Announces Closing of Lifepoint Health’s Acquistion of Majority Ownership Interest in Springstone
BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that Lifepoint Health (“Lifepoint”) has completed its previously announced acquisition of a majority ownership interest in Springstone Health Opco, LLC (“Springstone”) from Springstone’s management group. In conjunction with Lifepoint’s acquisition, MPT sold for approximately $205 million in cash its approximately $190 […]
News Release: Lifepoint Health Acquires Majority Ownership Interest in Springstone
Completed transaction brings 18 new behavioral health hospitals and 35 outpatient locations into Lifepoint’s diversified healthcare delivery network, bolstering expertise, resources and facilities BRENTWOOD, Tenn.–(BUSINESS WIRE)-–Lifepoint Health announced today that it has completed the transaction to acquire a majority ownership interest in the operating company of Springstone, a national behavioral health provider. The transaction expands […]
Feature Story: Behavioral health takes center stage
Demand is strong for services and facilities, but roadblocks are holding up development, according to panel at InterFace Healthcare conference By John B. Mugford NASHVILLE, Tenn. – As the country has dealt with the COVID-19 pandemic in recent years, behavioral health has become a national concern as more and more people struggle with a variety […]
News Release: Texas Kicks Off Construction of New Psychiatric Hospital in Dallas
NEWS RELEASE Texas Health and Human Services Commission Cecile Erwin YoungHHS Executive Commissioner December 5, 2022 AUSTIN – The Texas Health and Human Services Commission, UT Southwestern Medical Center, and Children’s Health hosted a groundbreaking ceremony to celebrate the start of construction on the state’s newest psychiatric hospital in Dallas, The Texas Behavioral Health Center […]
News Release: Anchor Health Properties Breaks Ground for Jefferson Regional Specialty Hospital, an 85,000 Square Foot Multi-Specialty Inpatient Rehabilitation and Behavioral Health Hospital
(White Hall, AR) , Oct. 20, 2022 – Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently marked the commencement of a 76 bed, 85,000 square foot inpatient rehabilitation and behavioral health hospital, to be known as Jefferson Regional Specialty Hospital, with a […]
News Release: Compass Health Announces $14 Million Capital Campaign for Broadway Campus Redevelopment
Northwest Washington’s behavioral healthcare leader has already raised more than 70 percent of the campaign’s goal, invites community to invest in regional center to meet intensive mental health needs October 13, 2022 12:12 PM Eastern Daylight Time EVERETT, Wash.–(BUSINESS WIRE)–Compass Health is building the future of behavioral health care in the region and community members […]
News Release: Kindred Behavioral Health and Dignity Health Announce Plans for New Inpatient Behavioral Health Hospital in Glendale
The free-standing 96-bed facility will help meet the region’s rapidly growing need for mental health services BRENTWOOD, Tenn. & PHOENIX, Sept. 20, 2022, (BUSINESS WIRE)–Kindred Behavioral Health (KBH), a business unit of LifePoint Health, and Dignity Health today announced the signing of a letter of intent to build and operate a new inpatient behavioral health […]
News Release: STORE Capital to be Acquired by GIC and Oak Street in $14 Billion Transaction
STORE Capital Stockholders to Receive $32.25 Per Share in Cash September 15, 2022 08:00 AM Eastern Daylight Time SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO–(BUSINESS WIRE)–STORE Capital Corporation (NYSE: STOR, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, and GIC, a global […]
News Release: MDH finds proposed Fairview Health Services and Acadia Healthcare mental health hospital in the public interest
ST. PAUL, Minn., Sept. 12, 2022 — The Minnesota Department of Health (MDH) has found that moving forward with a new, free-standing mental health hospital in Saint Paul is in the public interest due to a lack of inpatient mental health beds. Despite this conclusion, MDH acknowledged significant concerns about the new facility as proposed. […]
News Release: Medical Properties Trust Announces Agreement for LifePoint Health to Acquire Majority Interest in Springstone
BIRMINGHAM, Ala., Aug. 29, 2022, (BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that a subsidiary of LifePoint Health, Inc. (“LifePoint”) has agreed to acquire a majority interest in Springstone Health Opco, LLC (“Springstone”) from the current management group based on an enterprise value of $250 million. In October 2021, […]
News Release: Voyages Behavioral Health Announces Plans for Dallas Location
Voyages Behavioral Health Announces Plans for Dallas Location DALLAS, TX – August 22, 2022 – Voyages Behavioral Health (“Voyages” – an affiliate of PAM Health) is pleased to announce the future opening of Voyages Behavioral Health of Dallas, a state-of-the-art behavioral health hospital. Voyages Behavioral Health of Dallas will be located at 3320 Live Oak, […]
News Release: Healthcare Building Solutions Announces Acquisition of Barrins & Associates
Expands Regulatory Compliance Capabilities into Behavioral Healthcare Philadelphia, PA – Healthcare Building Solutions, LLC, (HBS) announced the acquisition of Barrins & Associates, a nationally recognized consulting firm specializing in accreditation and regulatory compliance consulting for the behavioral healthcare industry. HBS is a single-source consultancy offering equipment planning, transition planning, facility activation/logistic services, and accreditation and […]
News Release: AP Construction and Acadia Healthcare Top Out Rio Vista Behavioral Health Expansion Project In El Paso
EL PASO, Texas – (August 15, 2022) —- Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, and Acadia Healthcare Company Inc., a leading provider of behavioral healthcare services across the U.S., have topped out the new addition to Rio Vista Behavioral Health Hospital in El Paso, Texas, marking the construction […]