Saint Thomas Health and Acadia Healthcare Announce Plans to Develop a Psychiatric Inpatient Hospital in Nashville, Tennessee
May 11 2018 - 8:30AM
Business Wire
Saint Thomas Health and Acadia Healthcare (Nasdaq: ACHC) have
entered into a joint venture to expand and improve access to
behavioral health care in Nashville, Tennessee. The partnership
will include the establishment of a new 76-bed psychiatric
inpatient hospital at Metro Center in Nashville, encompassing 40
adult psychiatric beds and 36 geriatric psychiatric beds.
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Saint Thomas Health will relocate the existing 24 geriatric
psychiatric beds at Saint Thomas West Hospital to develop the
planned freestanding hospital. As a part of this strategy, Saint
Thomas Health plans to convert the existing geriatric psychiatric
unit to a critical care unit needed to support the rising acuity
levels at Saint Thomas West.
“Our partnership with Acadia Healthcare is a transformational
initiative that aligns fully with our mission of holistically
serving all persons with special attention to those who are poor
and vulnerable,” said Tim Adams, president and CEO of Saint Thomas
Health. “This population of patients is grossly underserved, making
individuals who suffer from mental illness one of the most
vulnerable in the communities Saint Thomas Health serves.”
The state-of-the-art behavioral health hospital is planned for
300 Great Circle Road in Nashville. Pending certificate of need
approvals, construction would begin in early 2019.
Headquartered in Franklin, Tennessee, Acadia Healthcare is a
leading and well-respected international provider of behavioral
healthcare with almost 600 behavioral health facilities in the
United States, United Kingdom, and Puerto Rico. This joint venture
is the latest in a series of successful partnerships that Acadia
Healthcare has entered into with regional hospital systems to
better serve the behavioral health care needs in communities across
the country.
“We are delighted to enter this joint venture partnership with
Saint Thomas Health,” said Joey Jacobs, chairman and CEO of Acadia.
“A central focus at Acadia has long been the consistent expansion
of our capability to meet the growing behavioral health needs of
our local communities. By becoming a part of Saint Thomas Health’s
clinically integrated system of care through this joint venture, we
are taking a significant step toward fulfilling this goal in Middle
Tennessee.”
The demand for behavioral healthcare across the country and in
Middle Tennessee is extraordinary today, and projections for the
future indicate demand will only increase. According to the Abuse
and Mental Health Services Administration, one in six adults in the
United States live with a mental illness, and more than seventy
five percent of these individuals are untreated.
Saint Thomas Health currently has psychiatric programs at Saint
Thomas West, River Park, Stones River and Highlands Hospitals, but
only one of these programs serves the adult population, identified
as patients younger than 65 years old.
Saint Thomas Health is a part of Ascension, the nation’s largest
Catholic and non-profit health system. Ascension has made a
commitment to focus on behavioral health needs across the country
as part of the health system’s strategic direction.
ABOUT SAINT THOMAS HEALTH
In Tennessee, Ascension’s Saint Thomas Health operates nine
hospitals in addition to a comprehensive network of affiliated
joint ventures, medical practices, clinics and rehabilitation
facilities that cover a 68-county area and employ more than 8,000
associates. Across the state, Saint Thomas Health provided more
than $92 million in community benefit and care of persons living in
poverty in fiscal year 2017. Serving Tennessee for 15 years,
Ascension is a faith-based healthcare organization committed to
delivering compassionate, personalized care to all, with special
attention to persons living in poverty and those most vulnerable.
Ascension is the largest non-profit health system in the U.S. and
the world’s largest Catholic health system, operating more than
2,600 sites of care – including 151 hospitals and more than 50
senior living facilities – in 22 states and the District of
Columbia. Visit www.sthealth.com.
ABOUT ACADIA HEALTHCARE
Acadia Healthcare, Inc. (Nasdaq: ACHC), headquartered in
Franklin, Tennessee, provides behavioral healthcare services
through a network, as of March 31, 2018, of 584 behavioral health
facilities with approximately 17,800 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.
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AscensionDanielle Hall,
931-247-3527Danielle.Hall3@ascension.orgorAcadia
HealthcareGretchen Hommrich, 615-861-6000Director, Investor
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