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ACADIA HEALTHCARE PARTNERS WITH COVENANT HEALTH ON SIGNIFICANT, COMPREHENSIVE NEW PROJECT TO ENHANCE BEHAVIORAL HEALTH SERVICES IN EAST TENNESSEE
Inpatient Treatment Facility Slated To Open In 2021 FRANKLIN, Tenn., June 02, 2020 (GLOBE NEWSWIRE) -- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today
About this update from Acadia Healthcare Company, Inc.
[{"type":"text","content":"Inpatient Treatment Facility Slated To Open In 2021\nFRANKLIN, Tenn., June 02, 2020 (GLOBE NEWSWIRE) -- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it had formed a joint venture with Covenant Health to address the growing, unmet need for accessible, high-quality behavioral health services in Knoxville, Tennessee, and the surrounding counties.\n Covenant Health, one of Tennessee’s premier integrated health systems, selected Acadia Healthcare, the nation’s largest stand-alone behavioral healthcare company, as its partner because of Acadia’s commitment to patient- and family-centered care, strong clinical outcomes and proven track record of partnering with health systems across the country. Construction will begin in late 2020 on a new, state-of-the-art, 90-bed hospital at the corner of Old Weisgarber Road and Dowell Springs Boulevard in West Knoxville. Slated to open in 2021, the new hospital will be built with the capacity to add an additional 48 beds, bringing the total project capacity to 138 beds in order to meet projected future demand for inpatient services in the area. Comprehensive inpatient treatment will be provided for adults, seniors and adolescents who struggle with acute symptoms of mental health disorders such as anxiety, depression, bipolar disorder, posttraumatic stress disorder (PTSD) and substance use disorders. The behavioral health hospital will also serve as a new care coordination “hub” for the entire continuum of comprehensive inpatient and outpatient services, including intensive outpatient and partial hospitalization programs, services for neuromodulation (ETC, TMS) and medication-assisted treatment (MAT) for substance use disorders. Additionally, the partnership will look to develop innovative care delivery models to better integrate physical and mental health services. “The shortage of resources for mental health is a national problem that we also face here in East Tennessee,” said Jim VanderSteeg, Covenant Health President and CEO. “Covenant Health and Acadia Healthcare intend to substantially fill that gap by providing specialized treatment options for patients and increasing access to much-needed, high-quality care for the residents of Knoxville and its surrounding communities. As part of our mission of improving the quality of life in our region, Covenant Health and Peninsula...