NASHVILLE, Tenn.--(BUSINESS WIRE)--May 11, 2018--
Saint Thomas Health and Acadia Healthcare (Nasdaq: ACHC) have entered
into a joint venture to expand and improve access to behavioral health
care in Nashville, Tennessee. The partnership will include the
establishment of a new 76-bed psychiatric inpatient hospital at Metro
Center in Nashville, encompassing 40 adult psychiatric beds and 36
geriatric psychiatric beds.
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Saint Thomas Health will relocate the existing 24 geriatric psychiatric
beds at Saint Thomas West Hospital to develop the planned freestanding
hospital. As a part of this strategy, Saint Thomas Health plans to
convert the existing geriatric psychiatric unit to a critical care unit
needed to support the rising acuity levels at Saint Thomas West.
“Our partnership with Acadia Healthcare is a transformational initiative
that aligns fully with our mission of holistically serving all persons
with special attention to those who are poor and vulnerable,” said Tim
Adams, president and CEO of Saint Thomas Health. “This population of
patients is grossly underserved, making individuals who suffer from
mental illness one of the most vulnerable in the communities Saint
Thomas Health serves.”
The state-of-the-art behavioral health hospital is planned for 300 Great
Circle Road in Nashville. Pending certificate of need approvals,
construction would begin in early 2019.
Headquartered in Franklin, Tennessee, Acadia Healthcare is a leading and
well-respected international provider of behavioral healthcare with
almost 600 behavioral health facilities in the United States, United
Kingdom, and Puerto Rico. This joint venture is the latest in a series
of successful partnerships that Acadia Healthcare has entered into with
regional hospital systems to better serve the behavioral health care
needs in communities across the country.
“We are delighted to enter this joint venture partnership with Saint
Thomas Health,” said Joey Jacobs, chairman and CEO of Acadia. “A central
focus at Acadia has long been the consistent expansion of our capability
to meet the growing behavioral health needs of our local communities. By
becoming a part of Saint Thomas Health’s clinically integrated system of
care through this joint venture, we are taking a significant step toward
fulfilling this goal in Middle Tennessee.”
The demand for behavioral healthcare across the country and in Middle
Tennessee is extraordinary today, and projections for the future
indicate demand will only increase. According to the Abuse and Mental
Health Services Administration, one in six adults in the United States
live with a mental illness, and more than seventy five percent of these
individuals are untreated.
Saint Thomas Health currently has psychiatric programs at Saint Thomas
West, River Park, Stones River and Highlands Hospitals, but only one of
these programs serves the adult population, identified as patients
younger than 65 years old.
Saint Thomas Health is a part of Ascension, the nation’s largest
Catholic and non-profit health system. Ascension has made a commitment
to focus on behavioral health needs across the country as part of the
health system’s strategic direction.
ABOUT SAINT THOMAS HEALTH
In Tennessee, Ascension’s Saint Thomas Health operates nine hospitals in
addition to a comprehensive network of affiliated joint ventures,
medical practices, clinics and rehabilitation facilities that cover a
68-county area and employ more than 8,000 associates. Across the state,
Saint Thomas Health provided more than $92 million in community benefit
and care of persons living in poverty in fiscal year 2017. Serving
Tennessee for 15 years, Ascension is a faith-based healthcare
organization committed to delivering compassionate, personalized care to
all, with special attention to persons living in poverty and those most
vulnerable. Ascension is the largest non-profit health system in the
U.S. and the world’s largest Catholic health system, operating more than
2,600 sites of care – including 151 hospitals and more than 50 senior
living facilities – in 22 states and the District of Columbia. Visit www.sthealth.com.
ABOUT ACADIA HEALTHCARE
Acadia Healthcare, Inc. (Nasdaq: ACHC), headquartered in Franklin,
Tennessee, provides behavioral healthcare services through a network, as
of March 31, 2018, of 584 behavioral health facilities with
approximately 17,800 beds in 40 states, the United Kingdom and Puerto
Rico. Acadia provides behavioral health and addiction services to its
patients in a variety of settings, including inpatient psychiatric
hospitals, specialty treatment facilities, residential treatment centers
and outpatient clinics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180511005274/en/
Source: Acadia Healthcare
Ascension
Danielle Hall, 931-247-3527
Danielle.Hall3@ascension.org
or
Acadia
Healthcare
Gretchen Hommrich, 615-861-6000
Director,
Investor Relations