Acadia Healthcare Forms Joint Venture With Tufts Medicine to Build a Behavioral Health Hospital to Serve the Boston Regional Area
June 30 2022 - 12:00PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that it has formed a joint venture with Tufts Medicine, one of
Massachusetts’ elite health systems. The partnership anticipates
building a new 144-bed behavioral health hospital at the site of
the former Malden Hospital in Malden, Massachusetts, expanding
access to critically needed inpatient behavioral health
services.
For decades, the hospitals of Tufts Medicine – MelroseWakefield
Hospital and Lawrence Memorial Hospital – have been known and
highly respected for the inpatient behavioral healthcare that they
provide the communities they serve. The proposed new hospital will
offer the latest in inpatient behavioral healthcare and intensive
outpatient programs, providing the continuum of care needed to
support patients and their families. The new hospital will also
serve as a teaching hospital, training students and residents from
the Tufts University School of Medicine.
The hospital will care for patients of all ages, including the
most vulnerable members of the community, especially its adolescent
and elderly neighbors. Together, Acadia and Tufts Medicine will
invest more than $65 million in expanding behavioral health
resources in Boston. The new hospital represents the 17th joint
venture partnership for Acadia.
“This facility will have a tremendous impact, bringing
critically needed behavioral healthcare services to the area,” said
Chris Hunter, Chief Executive Officer of Acadia Healthcare. “As we
have proven in operating our joint ventures, we will bring the best
practices of both organizations and expand access to quality
behavioral healthcare services providing healing and hope to those
in need in the surrounding communities. We will continue to partner
with leading health systems to combat the mental healthcare and
substance use crises across our country.”
“MelroseWakefield Hospital and Lawrence Memorial Hospital have
served the behavioral health needs of our communities admirably,
and we are proud to expand upon the legacy of high-quality,
compassionate care through this joint venture with Acadia,” said
Michael Dandorph, President and Chief Executive Officer of Tufts
Medicine. “This facility will offer the critical inpatient
behavioral health services that our community members need, while
serving as a strong partner to residents, patients, their families,
and medical providers across the region.”
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services
across the United States. As of March 31, 2022, Acadia operated a
network of 238 behavioral healthcare facilities with approximately
10,600 beds in 40 states and Puerto Rico. With more than 22,500
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 Tufts Medicine
Tufts Medicine is a leading integrated health system bringing
together the best of academic and community healthcare to deliver
exceptional, connected and accessible care experiences to consumers
across Massachusetts. Comprised of Tufts Medical Center, Lowell
General Hospital, MelroseWakefield Hospital, Lawrence Memorial
Hospital of Medford, an expansive home care network and a large
integrated physician network. Tufts Medicine has more than 15,000
dedicated care team members providing more than 1.5 million patient
experiences per year. The health system is the principal teaching
affiliate for Tufts University School of Medicine. Tufts Medicine
came together in 2014 to leverage the experience of its member
organizations and integrate their missions to together transform
the ways that consumers engage with and experience their care.
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Gretchen Hommrich Acadia Healthcare (615) 861-6000
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