For-profit psychiatric beds now make up nearly one-third of all freestanding beds. Beds at government hospitals – which once dominated two-thirds of the sector – are continuing to shrink, a new study says. Three years ago, privately held providers, such as Summit BHC and PAM Health made moves to build new facilities after the pandemic revealed a critical shortage of psychiatric beds, which in many cases resulted in emergency department boarding. Still, the gap has persisted. Occupancy rates have risen and patient demand for psychiatric care has also gone up. That has led for-profit providers with deep pockets to eye the space as an opportunity for growth.
Read the full article: Psychiatric Beds Increasingly Controlled by For-Profit Giants //
Source: https://bhbusiness.com/2025/09/23/psychiatric-beds-increasingly-controlled-by-for-profit-giants/