Acadia Healthcare Forms Joint Venture With ECU Health to Build a Modern Behavioral Health Hospital in Eastern North Carolina
July 19 2022 - 10:15AM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that it has formed a joint venture with ECU Health (formerly Vidant
Health), eastern North Carolina’s premier health system. The new
partnership anticipates building a 144-bed behavioral health
hospital in the medical district of Greenville, North Carolina.
This new facility will be a center of excellence, providing
North Carolinians with important access to behavioral health
services and treatment from specialized clinical teams in a
carefully designed environment. The hospital will include 24
inpatient beds specifically for children and adolescents with
mental health needs. These beds will be the first of their kind in
ECU Health’s service area.
Slated to open in the spring of 2025, the hospital will be
operated through the joint venture between ECU Health and Acadia.
Together, the organizations will invest approximately $65 million
in expanding behavioral health resources in eastern North Carolina.
The new hospital will also serve as a teaching hospital, training
students and residents from the Brody School of Medicine.
“Acadia is proud to be partnering with ECU Health to provide
critical behavioral health services,” said Chris Hunter, chief
executive officer of Acadia Healthcare. “This joint venture – our
18th such partnership with a leading health system in the U.S. –
expands our acute service line into the North Carolina market. This
joint venture will support the development of the next generation
of behavioral health care workers and clinicians as our society
battles the ongoing behavioral health and substance use epidemic.
We’re excited to begin this important work with such a dedicated,
patient-focused partner.”
“This hospital will be a tremendous resource for our patients
and our state, and we’re thrilled to partner with a national leader
like Acadia,” said Dr. Michael Waldrum, chief executive officer of
ECU Health and dean of the Brody School of Medicine at East
Carolina University. “Acadia has an established track record of
providing high-quality, compassionate care in communities across
the country. Together, we will strengthen our level of expertise,
implement proven best practices and enhance the quality and number
of behavioral health services available to patients.”
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 ECU Health
ECU Health is a mission-driven, 1708-bed academic health care
system serving more than 1.4 million people in 29 eastern North
Carolina counties. The not-for-profit system is comprised of 13,000
team members, nine hospitals and a physician group that encompasses
over 1,100 academic and community providers practicing in over 180
primary and specialty clinics located in more than 130 locations.
The flagship ECU Health Medical Center, a Level I Trauma Center,
and ECU Health Maynard Children’s Hospital serve as the primary
teaching hospitals for the Brody School of Medicine at East
Carolina University. ECU Health and the Brody School of Medicine
share a combined academic mission to improve the health and
well-being of eastern North Carolina through patient care,
education and research. For more information, visit
ECUHealth.org.
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Gretchen Hommrich Acadia Healthcare (615) 861-6000
Acadia Healthcare (NASDAQ:ACHC)
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