A local health-care management company has sold its controlling stake in Bakersfield Heart Hospital to a Tennessee-based group, the 47-bed facility announced Friday. According to a news release, Surgery Partners Inc. bought a majority interest in the medical center from Hospital Management Group. Terms of the deal were not disclosed. Surgery Partners, founded in 2004, owns and operates surgical hospitals, ambulatory surgery centers and physician practices. The company has more than 180 locations across 30 states.
Enhanced Healthcare Partners (“EHP”), a leading healthcare-focused private equity firm specializing in middle-market healthcare services businesses, is pleased to announce its investment in NeuroPsychiatric Hospitals (“NPH”), a leading provider of integrated healthcare for patients with acute psychiatric disorders and complex medical and neurological disorders. Founded in 2006, NPH utilizes an integrated model of care supported by an interdisciplinary team of healthcare practitioners to ensure the diverse needs of each of their patients are addressed. Unlike the traditional hospital emergency room or a psychiatric care facility where the clinical staff is not equipped to care for patients with both psychiatric and medical issues, NPH’s clinical staff have expertise across multiple disciplines including psychiatric, behavioral, neurological, and medical disorders.
Summit BHC (“Summit” or “the Company”), a leading provider of addiction treatment and behavioral health services, announced Thursday the acquisition of Highland Hospital, a 131-bed psychiatric facility in Charleston, West Virginia. This is Summit’s second acquisition in 2020 and its first facility in West Virginia. “The addition of Highland Hospital to the Summit family allows us to continue providing quality psychiatric care to our growing population of clients,” stated Jon O’Shaughnessy, CEO of Summit. “Highland Hospital has a solid history of treating patients in state-of-the-art facilities for all ages, as well as providing specific treatment options for people with drug and alcohol addiction.” Highland Hospital has 91 beds for inpatient acute psychiatric needs with an additional 24 beds dedicated to residential psychiatric treatment. Also, part of the acquisition, the Highland Health Center is a 16-bed crisis residential/detox substance use disorder facility licensed as a behavioral health center.
Kindred Healthcare, LLC (“Kindred”) announced Wednesday it has completed its acquisition of the WellBridge Greater Dallas and WellBridge Fort Worth behavioral health hospitals. WellBridge Greater Dallas and WellBridge Fort Worth provide a full continuum of inpatient and outpatient behavioral health services to senior and adult populations in the Dallas-Fort Worth metropolitan area and the greater North Texas region. Each hospital has 48 licensed beds and both are leaders in behavioral healthcare, with proven records of providing exceptional behavioral health services and superior clinical outcomes. Kindred plans to continue using the WellBridge name.
Kindred Healthcare, LLC (“Kindred”) and Landmark Medical Center, a subsidiary of Prime Healthcare, today announced a definitive agreement to create a partnership that will own and operate the Rehabilitation Hospital of Rhode Island in North Smithfield, Rhode Island. Kindred will have a 60 percent ownership interest in the joint venture and Landmark will own 40 percent. The hospital is licensed for 82 rehabilitation beds. Kindred and Prime expect to complete the transaction by the third quarter of 2020, subject to the completion of due diligence, regulatory and licensing approvals.
Kindred Healthcare, LLC (“Kindred”) announced Thursday it has begun managing Riverside Medical Center’s 64-bed behavioral health unit in Kankakee, Illinois. Kindred recently reached an agreement with Riverside Healthcare to operate Riverside Medical Center’s behavioral medicine program, providing inpatient and outpatient care to adults, adolescents, pediatrics and geriatrics. The agreement builds on Kindred’s existing partnership with Riverside, through which Kindred Rehabilitation Services has managed an acute rehabilitation unit at Riverside Medical Center for eight years.
Kindred Healthcare, LLC (“Kindred” or the “Company”) announced Monday it has signed a definitive agreement with WellBridge Healthcare (“WellBridge”) to acquire two behavioral health hospitals, WellBridge Greater Dallas and WellBridge Fort Worth, in the Dallas-Fort Worth metropolitan area. WellBridge Greater Dallas and WellBridge Fort Worth provide a full continuum of inpatient and outpatient behavioral health services to senior and adult populations in North Texas. Each hospital has 48 licensed beds and both are regional leaders in behavioral healthcare with a history of providing exceptional behavioral health treatment services and superior clinical outcomes. Kindred plans to continue using the WellBridge name. The transaction is expected to close in the summer of 2020, subject to the receipt of standard regulatory approvals and customary closing conditions.
Summit BHC (“Summit” or “the Company”), a leading provider of addiction treatment and behavioral health services, announced Friday the acquisition of Peak View Behavioral Health. Located in Colorado Springs, CO, the 112-bed acute psychiatric and behavioral health hospital will be Summit’s first facility in the state and brings the Company’s total number of operating facilities to nineteen. “We are excited to announce the acquisition of Peak View,” stated Jon O’Shaughnessy, CEO of Summit. “Our company is passionate about quality of care and reaching new populations who can benefit from our services. Peak View is a nationally-recognized program with a proven track record of providing innovative and evidence-based care for both behavioral and mental health treatment. We are thrilled to welcome them to the Summit family.”
Nicklaus Children’s Hospital plans to sell the failed Miami Medical Center, a specialty hospital that Nicklaus Children’s bought just over two years ago for $88 million, after deciding to focus its growth strategies on more outpatient clinics and its own Coral Terrace campus. The decision to sell the building follows a year of financial instability, layoffs and administrative changes. At the time of the purchase, in December 2017, questions surrounded the financial underpinnings of the deal. That included questions about the nonprofit Nicklaus Children’s financial interests in the for-profit ventures associated with the Miami Medical Center. Miami Medical Center, located near Miami International Airport, closed in October 2017.
LifeCare returns to its roots in critical care with the purchase of four specialty hospitals and reimagining of its brand. North Texas investors purchased four hospitals across North Texas and Pittsburgh, Pennsylvania, from LifeCare Health Partners in a 363 bankruptcy sale to form LifeCare 2.0, LLC, which will go by the name LifeCare with headquarters in Addison, Texas. The bankruptcy sale finalized Sept. 29, 2019, and LifeCare 2.0, LLC was the only bidder. Headquartered in Addison, Texas, LifeCare is a specialty hospital operator focused on redefining critical care throughout its network. The company currently operates three critical care hospitals in North Texas (Dallas, Fort Worth and Plano) and a behavioral health hospital in Pittsburgh, Pennsylvania.
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