Community Psychiatric Centers is planning to move its corporate headquarters from Laguna Hills, Calif., to Las Vegas within the next 18 months for an annual savings of about $2 million.
Although many details remain to be finalized, CPC executives said they plan to build new headquarters on an eight-acre parcel located next to a 52-bed Transitional Hospitals Corp. facility in Las Vegas.
Transitional Hospitals, a CPC subsidiary, owns 12 hospitals for chronic, long-term patients. Its 70-person staff, now in Atlanta, likely will relocate to Las Vegas along with CPC's 50-person staff.
CPC, which owns 35 psychiatric hospitals, will centralize its billing in Las Vegas as well. The company plans to hire from 80 to 100 employees to handle billing, which has been done at the hospital level.
The company needed more space, said Suzanne Hovdey, a CPC spokeswoman. Executives had believed the company could expand into 78-bed CPC Laguna Hills Hospital, which had available space because of low occupancy. However, that facility's performance has turned around, making the move no longer an option, she said.