The Brentwood, Tennessee-based well being care system Lifepoint Well being has acquired Cornerstone Behavioral Well being El Dorado.
The phrases of the deal to amass the Tucson, Arizona-based facility weren’t disclosed. Lifepoint Well being has but to answer further questions.
Cornerstone Behavioral Well being El Dorado encompasses 54 beds and employs about 100 folks. Lifepoint Well being will add 50 beds within the coming months, in keeping with the discharge.
The deal provides to Lifepoint Well being rising behavioral well being enterprise, monikered Lifepoint Behavioral Well being. It operates over 30 behavioral well being items in companion hospitals and three inpatient behavioral well being hospitals.
“Collectively, now we have alternatives not solely to additional strengthen the care that Cornerstone Behavioral Well being El Dorado supplies its communities but additionally to develop behavioral healthcare entry to those important companies throughout our nation,” Lifepoint Behavioral Well being President Russ Bailey stated in a information launch.
In a associated deal, Louisville-based ScionHealth acquired Cornerstone Behavioral Well being El Dorado’s father or mother group — the post-acute care suppliers Cornerstone Healthcare Group. The group, headquartered in Dallas, Texas, operates 15 specialty hospitals and eight senior dwelling places. It additionally employs 3,000 folks.
As of 2020, the U.S. had 645 specialty behavioral well being hospitals — about 11% of all hospitals, in keeping with the American Hospital Affiliation. The AHA reported about 47% of behavioral well being hospitals are “investor-owned” and that 60 behavioral well being hospitals had been constructed between 2016 and 2020.
The U.S. faces what many see as a scarcity of psychiatric beds amid the broader demand for behavioral well being companies. Many states search workarounds for archaic federal guidelines that restrict the influence of applications like Medicaid in growing entry to care.
The most important operators within the house are looking for to tug further companions into growing behavioral well being services — particularly hospitals. Franklin, Tennessee-based Acadia Healthcare Co. (Nasdaq: ACHC) has signaled its choice for joint ventures relating to de novo growth.
Lifepoint Well being’s portfolio is closely targeted on acute and post-acute care. It operates 62 group hospital campuses, 27 rehabilitation services and over 170 different care websites throughout 28 states.
Behavioral well being services may be profitable as standalone operations. Nonetheless, Common Well being Service (NYSE: UHS) is pushing its acute care hospital and behavioral well being facility enterprise nearer collectively to search out extra synergies between the 2. UHS executives say this could be a primary for the corporate.
