Acadia Healthcare CEO Joey Jacobs and other executives are joining investors Waud Capital Partners and Bain Capital Investors to sell 2.8 million shares in one of the nation's largest behavioral health chains.
Our series explores the link between behavioral health and chronic disease; assesses the promise of the 21st Century Cures Act; and profiles organizations making a difference on the front lines.
A study released this week by researchers at NYU's Health Evaluation and Analytics Lab lends credence to the idea that the clubhouse model, which Fountain House has helped spread to more than 300 sites worldwide, helps cut back on hospitalizations for high-need patients, saving Medicaid money.
Behavioral health giants Universal Health Services and Acadia Healthcare each posted earnings and revenue gains in the first quarter, though UHS received potentially bad news from antitrust regulators on its December acquisition of a British behavioral health chain.
Sequel Youth and Family Services, a growing behavioral health provider, is set to become a public company in April upon completion of its sale to Global Partner Acquisition Corp. GPAC liked Sequel for its clinical programs and growth track record in a burgeoning healthcare segment.
The plaintiffs allege that they were given anti-psychotic medication before they were discharged from Rawson-Neal Psychiatric Hospital in Las Vegas. They were allegedly driven to a bus station and were given pre-paid tickets. Rawson-Neal was sued in 2014 for alleged patient-dumping tactics.
The share price of Universal Health Services plunged 12% Wednesday after BuzzFeed published an investigative story alleging the for-profit hospital operator kept psychiatric patients longer than necessary to milk their insurance.
Acadia Healthcare hopes the announced sale last week of 21 behavioral health facilities in the United Kingdom will clear antitrust obstacles to its $2.2 billion acquisition of 300-hospital Priory Group announced 10 months ago.
Acadia Healthcare is embarking on a strategy of joint venturing with not-for-profit hospital systems to open psychiatric beds. The nation's largest for-profit owner of psychiatric hospitals announced this week that it is partnering with Ochsner Health System to open an 82-bed psychiatric hospital.
Rod Laughlin, who made a reputation building psychiatric and long-term acute-care hospital companies, has returned to behavioral health with big plans and a big acquisition. His Perimeter Healthcare has purchased WoodRidge Behavioral Care.
The Micra Transcatheter Pacing System (TPS), a new type of heart device, offers the most advanced pacing technology at one-tenth the size of a traditional pacemaker. The device is small enough to be delivered via a catheter and implanted directly into the heart.
Officials at Highland Hospital, Charleston, W.Va., say the mental health center's board of directors has agreed to sell its Charleston facilities to Tennessee-based behavioral healthcare company Acadia Healthcare Co.