Acadia Healthcare Opens the First of Two Hospitals Developed in Partnership With Geisinger
July 17 2023 - 5:40PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
the opening of its newest operating joint venture hospital,
Geisinger Behavioral Health Center Northeast, located in Moosic,
Pennsylvania. A ribbon-cutting ceremony was held to mark its grand
opening and to celebrate the previously announced partnership
between Geisinger and Acadia Healthcare.
Geisinger Behavioral Health Center Northeast is a
state-of-the-art, 96-bed hospital that will offer a full continuum
of inpatient behavioral healthcare services and intensive
outpatient programs for adult, adolescent and pediatric patients.
The new Center is the first of two hospitals to be constructed
under the joint venture between Geisinger and Acadia. A second,
96-bed hospital – named Geisinger Behavioral Health Center Danville
– is currently in development in Danville, Pennsylvania, and is
expected to open in 2025.
The new hospital will also serve as a teaching hospital,
training students and residents from Geisinger’s College of Health
Sciences. The teaching component of this joint venture is a
commitment by both partners to the future of behavioral healthcare
and will provide the region with qualified clinicians for years to
come.
Geisinger partnered with Acadia, the nation’s largest
stand-alone behavioral healthcare company, based on a mutual
commitment to quality care, strong clinical outcomes, and a
successful track record of collaborating with numerous premier
health systems.
“This partnership will bring enhanced treatment options to the
community and broaden the scope of services offered to patients and
their families,” said Chris Hunter, Chief Executive Officer of
Acadia Healthcare. “Acadia continues to expand upon our joint
ventures with health care organizations across the country,
providing our behavioral health expertise and mission of treating
the whole patient to those communities in need. Our mutual goal in
these partnerships is always to provide patients and their loved
ones with compassionate and high-quality behavioral health care,
services and support.”
“This hospital and partnership will bring increased access and
the highest quality behavioral healthcare to patients across
northeastern Pennsylvania,” said Jaewon Ryu, MD, JD, President and
Chief Executive Officer of Geisinger. “I want to thank the numerous
people from Geisinger, Acadia, local government and the community
for their commitment and passion in making our vision a reality
today. Pennsylvanians for years to come will benefit from this
joint effort.”
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 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 10 hospital
campuses, a health plan with more than half a million members, a
research institute and the Geisinger College of Health Sciences,
which includes schools of medicine, nursing and graduate education.
With more than 25,000 employees and 1,700+ 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230717311580/en/
Gretchen Hommrich Vice President of Investor Relations Acadia
Healthcare (615) 861-6000
Acadia Healthcare (NASDAQ:ACHC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Acadia Healthcare (NASDAQ:ACHC)
Historical Stock Chart
From Jul 2023 to Jul 2024