Acadia Healthcare Forms Joint Venture Partnership with SolutionHealth in New Hampshire
June 30 2023 - 12:15PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) announced today
that it has formed a joint venture with SolutionHealth to build a
modern 144-bed behavioral health hospital in southeast New
Hampshire to address the growing, unmet need for accessible,
high-quality behavioral health services in the state. This
partnership expands Acadia’s acute service line into a new state
with a premier health system.
The hospital will offer a full continuum of inpatient behavioral
healthcare services for patients, including the most vulnerable
members of the community. This project will be supported by the $15
million in state funding from the New Hampshire Department of
Health and Human Services to defray capital costs for the
construction of the new hospital.
The new hospital represents the 19th joint venture partnership
for Acadia. Joint ventures continue to be a key strategic growth
lever for the Company.
“This partnership will bring critically needed behavioral
healthcare services to southeast New Hampshire,” said Chris Hunter,
Chief Executive Officer of Acadia Healthcare. “As we have proven in
our other 18 joint ventures, we will bring the best practices of
both organizations to develop and operate 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 expand access to mental healthcare and
substance use treatment programs across our country.”
“This joint venture is fully supported by the Boards of Trustees
and Executive Leadership across our system as it expands our
ability to provide expert care to an ever-expanding facet of the
communities we serve,” said SolutionHealth Chief Executive Officer,
Bradley Kreick. “The goals of the joint venture include increasing
behavioral health access in the region, reducing emergency
department waiting periods for behavioral health triage and
disposition, and providing a state-of-the-art behavioral health
environment center of excellence for patients, close to home.”
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services
across the United States. As of March 31, 2023, Acadia operated a
network of 250 behavioral healthcare facilities with approximately
11,100 beds in 39 states and Puerto Rico. With approximately 23,000
employees serving more than 75,000 patients daily, Acadia is the
largest stand-alone behavioral healthcare 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 SolutionHealth
SolutionHealth is a highly coordinated, regional health care
network based in Southern New Hampshire. Its purpose is to better
serve the health care needs and interests of southern New Hampshire
as a region by improving and increasing access, quality, value, and
community benefits. Members include Elliot Health System, Southern
New Hampshire Health and Home Health & Hospice Care.
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version on businesswire.com: https://www.businesswire.com/news/home/20230630770252/en/
Gretchen Hommrich Vice President, Investor Relations Acadia
Healthcare (615) 861-6000
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