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Acadia Healthcare Forms Joint Venture With ECU Health to Build a Modern Behavioral Health Hospital in Eastern North Carolina
FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has formed a joint venture with ECU Health
About this update from Acadia Healthcare Company, Inc.
[{"type":"text","content":" FRANKLIN, Tenn.--(BUSINESS WIRE)--\nAcadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has formed a joint venture with ECU Health (formerly Vidant Health), eastern North Carolina’s premier health system. The new partnership anticipates building a 144-bed behavioral health hospital in the medical district of Greenville, North Carolina.\n\nThis new facility will be a center of excellence, providing North Carolinians with important access to behavioral health services and treatment from specialized clinical teams in a carefully designed environment. The hospital will include 24 inpatient beds specifically for children and adolescents with mental health needs. These beds will be the first of their kind in ECU Health’s service area.\n\nSlated to open in the spring of 2025, the hospital will be operated through the joint venture between ECU Health and Acadia. Together, the organizations will invest approximately $65 million in expanding behavioral health resources in eastern North Carolina. The new hospital will also serve as a teaching hospital, training students and residents from the Brody School of Medicine.\n\n“Acadia is proud to be partnering with ECU Health to provide critical behavioral health services,” said Chris Hunter, chief executive officer of Acadia Healthcare. “This joint venture – our 18th such partnership with a leading health system in the U.S. – expands our acute service line into the North Carolina market. This joint venture will support the development of the next generation of behavioral health care workers and clinicians as our society battles the ongoing behavioral health and substance use epidemic. We’re excited to begin this important work with such a dedicated, patient-focused partner.”\n\n“This hospital will be a tremendous resource for our patients and our state, and we’re thrilled to partner with a national leader like Acadia,” said Dr. Michael Waldrum, chief executive officer of ECU Health and dean of the Brody School of Medicine at East Carolina University. “Acadia has an established track record of providing high-quality, compassionate care in communities across the country. Together, we will strengthen our level of expertise, implement proven best practices and enhance the quality and number of behavioral health services available to patients.”\n\nAbout Acadia Healthcare\n\nAcadi...