In its fourth psychiatric hospital deal since April 2004, behavioral healthcare management firm Horizon Health Corp., Lewisville, Texas, announced it has entered into an agreement to acquire River Park Hospital, a 165-bed facility in Huntington, W.Va. Terms of the deal were not announced, but Horizon stated in a press release that River Park's revenue was $6.6 million for the four-month period ended April 30 and $18.6 million in 2004. Horizon expects the deal to close by August. Horizon has said it wants to be active on the acquisition front. As of February, Horizon had 108 behavioral-health program management contracts and 33 physical-rehabilitation contracts with acute-care hospitals, and the company operates or leases three behavioral health hospitals, according to filings. -- by Joseph Mantone
Horizon Health to acquire W.Va. psychiatric hospital
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