ACADIA HEALTHCARE PARTNERS WITH COVENANT HEALTH ON SIGNIFICANT, COMPREHENSIVE NEW PROJECT TO ENHANCE BEHAVIORAL HEALTH SERVIC...
June 02 2020 - 5:46PM
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that
it had formed a joint venture with Covenant Health to address the
growing, unmet need for accessible, high-quality behavioral health
services in Knoxville, Tennessee, and the surrounding counties.
Covenant Health, one of Tennessee’s premier integrated health
systems, selected Acadia Healthcare, the nation’s largest
stand-alone behavioral healthcare company, as its partner because
of Acadia’s commitment to patient- and family-centered care, strong
clinical outcomes and proven track record of partnering with health
systems across the country.
Construction will begin in late 2020 on a new, state-of-the-art,
90-bed hospital at the corner of Old Weisgarber Road and Dowell
Springs Boulevard in West Knoxville. Slated to open in 2021, the
new hospital will be built with the capacity to add an additional
48 beds, bringing the total project capacity to 138 beds in order
to meet projected future demand for inpatient services in the area.
Comprehensive inpatient treatment will be provided for adults,
seniors and adolescents who struggle with acute symptoms of mental
health disorders such as anxiety, depression, bipolar disorder,
posttraumatic stress disorder (PTSD) and substance use
disorders.
The behavioral health hospital will also serve as a new care
coordination “hub” for the entire continuum of comprehensive
inpatient and outpatient services, including intensive outpatient
and partial hospitalization programs, services for neuromodulation
(ETC, TMS) and medication-assisted treatment (MAT) for substance
use disorders. Additionally, the partnership will look to develop
innovative care delivery models to better integrate physical and
mental health services.
“The shortage of resources for mental health is a national
problem that we also face here in East Tennessee,” said Jim
VanderSteeg, Covenant Health President and CEO. “Covenant Health
and Acadia Healthcare intend to substantially fill that gap by
providing specialized treatment options for patients and increasing
access to much-needed, high-quality care for the residents of
Knoxville and its surrounding communities. As part of our mission
of improving the quality of life in our region, Covenant Health and
Peninsula, our behavioral health division, have a long-standing
commitment to mental health services. Acadia’s strong track record
of success and reputation for excellence make the organization an
ideal partner for continuing that commitment.
“Acadia is extremely pleased to be partnering with a respected
health system like Covenant Health to provide these critically
needed services in eastern Tennessee. The new hospital will make a
positive difference in the lives of individuals and families
throughout the region,” said Acadia Healthcare CEO Debbie Osteen.
“We continue to expand upon our joint venture partnerships with
healthcare organizations across the country. Our mutual goal is
always to provide patients and their loved ones with compassionate
and high-quality behavioral healthcare, services and support.”
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services.
At March 31, 2020, Acadia operated a network of 588 behavioral
healthcare facilities with approximately 18,200 beds in 40 states,
the United Kingdom and Puerto Rico. Acadia provides behavioral
health and addiction services to its patients in a variety of
settings, including inpatient psychiatric hospitals, specialty
treatment facilities, residential treatment centers and outpatient
clinics.
About Covenant Health
Covenant Health is a community-owned health
system providing comprehensive services in Tennessee. The
health system includes 10 hospitals; outpatient services and
clinics; specialized behavioral, oncology and rehabilitation
services; home care; physician practices and community programs.
With more than 10,000 employees, affiliated physicians and
volunteers, Covenant Health is the Knoxville area’s largest
employer and has been named a Best Employer five times by Forbes.
Learn more at www.covenanthealth.com.
Gretchen Hommrich
ACADIA HEALTHCARE
(615) 861-6000
gretchen.hommrich@acadiahealthcare.com
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