Specialty Hospitals

ZT Corporate Expands Healthcare Portfolio with Acquisition of South Texas’ STAT Specialty Hospital and Emergency Center

ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, announces the acquisition of STAT Specialty Hospital to enhance its growing healthcare portfolio. STAT Specialty Hospital, which includes three micro hospitals and one free standing emergency center, will diversify the portfolio’s regional footprint and add the accessibility of specialty hospitals. Prior to […]

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MiraCare Group Bankruptcy Reflects Pressure on Psychiatric Hospitals

MiraCare Group filed for bankruptcy protection after its fledgling psychiatric hospital project collapsed in the south suburban Chicagoland area. The development is representative of the challenges that psychiatric hospitals face. Despite desperate demand for these services, they are increasingly less viable enterprises, leading to disinvestment in many instances. The company, based in Palos Heights, Illinois,

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The Queen’s Health Systems Acquires Kahi Mohala

The Queen’s Health Systems has acquired O‘ahu-based Kahi Mohala from California-based Sutter Health Pacific, connecting the behavioral health hospital with a broader continuum of local care. Since opening its doors in 1983, Kahi Mohala has been a critical resource for mental health services in Hawai‘i. As Hawai‘i’s only free-standing, nonprofit psychiatric hospital, Kahi Mohala serves

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Iredell Health System Officially Purchases Davis Regional Psychiatric Hospital, Davis Regional Medical Center

Effective Oct. 1, 2024, Iredell Health System has officially purchased Davis Regional Psychiatric Hospital and Davis Regional Medical Center from subsidiaries of Community Health Systems, Inc. (NYSE: CYH). The building, located on the east side of Statesville, will now be known as the Iredell Davis campus. The psychiatric component of the facility has been renamed

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UHS Sells 80-Bed Hospital to Texas System

San Angelo, Texas-based Shannon Medical Center has acquired River Crest Hospital from King of Prussia, Pa.-based Universal Health Services, a spokesperson for UHS confirmed to Becker’s. River Crest is an 80-bed facility that provides behavioral health and substance use disorder programs for children, adolescents, adults and military members. Shannon has a 22-bed regional inpatient psychiatric

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