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Acadia Healthcare Forms Joint Venture With Tufts Medicine to Build a Behavioral Health Hospital to Serve the Boston Regional Area
FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has formed a joint venture with Tufts Medicine, one
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 Tufts Medicine, one of Massachusetts’ elite health systems. The partnership anticipates building a new 144-bed behavioral health hospital at the site of the former Malden Hospital in Malden, Massachusetts, expanding access to critically needed inpatient behavioral health services.\n\nFor decades, the hospitals of Tufts Medicine – MelroseWakefield Hospital and Lawrence Memorial Hospital – have been known and highly respected for the inpatient behavioral healthcare that they provide the communities they serve. The proposed new hospital will offer the latest in inpatient behavioral healthcare and intensive outpatient programs, providing the continuum of care needed to support patients and their families. The new hospital will also serve as a teaching hospital, training students and residents from the Tufts University School of Medicine.\n\nThe hospital will care for patients of all ages, including the most vulnerable members of the community, especially its adolescent and elderly neighbors. Together, Acadia and Tufts Medicine will invest more than $65 million in expanding behavioral health resources in Boston. The new hospital represents the 17th joint venture partnership for Acadia.\n\n“This facility will have a tremendous impact, bringing critically needed behavioral healthcare services to the area,” said Chris Hunter, Chief Executive Officer of Acadia Healthcare. “As we have proven in operating our joint ventures, we will bring the best practices of both organizations and expand access to quality behavioral healthcare services providing healing and hope to those in need in the surrounding communities. We will continue to partner with leading health systems to combat the mental healthcare and substance use crises across our country.”\n\n“MelroseWakefield Hospital and Lawrence Memorial Hospital have served the behavioral health needs of our communities admirably, and we are proud to expand upon the legacy of high-quality, compassionate care through this joint venture with Acadia,” said Michael Dandorph, President and Chief Executive Officer of Tufts Medicine. “This facility will offer the critical inpatient behavioral health services that our community members need, while serving as a strong p...