Psychiatric hospitals have been in a state of change for years. Now, they stare down a new slate of challenges that could rework how they do business. But these facilities, the pinnacle of clinical capacity and severity within behavioral health, are just as relevant as ever despite the industry’s shift to more outpatient care and […]
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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
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 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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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
