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.
Funding cuts to mental health services in Kansas have spawned layoffs at some of the state's 26 health centers, many of them positions that help families in crisis manage day-to-day care, mental health advocates say.
Starting next year, inpatient psychiatric facilities will see a 2.2% or $100 million increase in Medicare reimbursement — more than the 1.5% or $80 million bump they received this year.
Data Points: Mental disorders are the No. 1 condition for medical spending
Several Supreme Court justices seemed skeptical of Universal Health Services' arguments Tuesday that providers shouldn't be held liable for fraud for failing to comply with certain regulations. The outcome of the case, however, was by no means clear based on the oral arguments.