Acadia Healthcare Forms Joint Venture with Geisinger to Build Two State-of-the-Art Behavioral Health Facilities in Northeaste...
March 30 2021 - 10:00AM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that it has formed a joint venture with Geisinger Health, one of
Pennsylvania’s premier, integrated healthcare systems. The new
partnership will build two new facilities – each with 96-beds –
serving the central and northeastern regions of the state. The new
freestanding behavioral health facilities will provide
comprehensive inpatient services to adult, older adult, adolescent
and pediatric patients. The first facility is expected to open in
2022 and the second in 2023.
Geisinger, which serves more than 1 million people across 45
counties in Pennsylvania, has partnered with Acadia Healthcare, the
nation’s largest stand-alone behavioral healthcare company, based
on a shared commitment to quality care, strong clinical outcomes,
and a successful track record of collaborating with numerous
premier health systems.
“Acadia is excited to work with Geisinger to bring enhanced
treatment options to many communities and broaden the scope of
services offered to patients and their families. This is a
wonderful opportunity for our two organizations to bring together
our expertise and resources to address an identified need for
behavioral health services in these regions,” Debbie Osteen, Chief
Executive Officer of Acadia Healthcare. “Geisinger is a world-class
health system, and this partnership marks the 12th that we have in
place to expand our leading treatment network through strategic
joint ventures across the country.”
“At Geisinger, we are setting out to make better health easier
for the communities we serve,” said Jaewon Ryu, MD, JD, Geisinger’s
President and Chief Executive Officer. “This joint venture was a
natural fit based on a shared commitment to identifying behavioral
health needs in the community. We are excited to partner with
Acadia to bring world-class care close to home for everyone who
needs it in central and northeastern Pennsylvania.”
Upon completion, the two new inpatient behavioral health
facilities will address current and future demand for adult, older
adult, pediatric and adolescent patients who struggle with acute
symptoms of mental health disorders such as anxiety, depression,
bipolar disorder, psychosis, and posttraumatic stress disorder
(PTSD). This vast array of acute behavioral health services is
desperately needed in central and northeastern Pennsylvania,
especially for children and adolescents.
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services
across the United States. Acadia operates a network of 227
behavioral healthcare facilities with approximately 9,900 beds in
40 states and Puerto Rico. With more than 20,000 employees serving
approximately 70,000 patients daily, Acadia is the largest
stand-alone behavioral health company in the U.S. Acadia provides
behavioral healthcare services to its patients in a variety of
settings, including inpatient psychiatric hospitals, specialty
treatment facilities, residential treatment centers and outpatient
clinics.
About Geisinger
Geisinger is committed to making better health easier for the
more than 1 million people it serves. Founded more than 100 years
ago by Abigail Geisinger, the system now includes nine hospital
campuses, a 550,000-member health plan, two research centers and
the Geisinger Commonwealth School of Medicine. With nearly 24,000
employees and more than 1,600 employed physicians, Geisinger boosts
its hometown economies in Pennsylvania by billions of dollars
annually. Learn more at geisinger.org or connect with us on
Facebook, Instagram, LinkedIn and Twitter.
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Gretchen Hommrich Acadia Healthcare (615) 861-6000
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