Acadia Healthcare Forms Joint Venture with Fairview Health Services
17 December 2021 - 6:00AM
Business Wire
Acadia and Fairview partner on comprehensive
new project to enhance mental health services in Twin Cities’ East
Metro and surrounding communities
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that it has formed a joint venture with Fairview Health Services,
one of Minnesota’s leading health systems. Through this
partnership, Fairview and Acadia plan to design and construct a new
inpatient mental health and addiction facility in the Twin Cities’
East Metro. The joint venture will bring together the two
organizations’ expertise and resources to address an identified
need for behavioral health services in the region.
The new hospital will operate 144 inpatient mental health beds
to address the growing, unmet need for accessible, high-quality and
advanced mental health services. The new facility will focus on
delivering the latest innovations in care in a calming and
therapeutic environment designed specifically for patients
receiving treatment for mental illness, supporting better outcomes
and promoting the highest level of safety for staff and
patients.
“Acadia is proud to be collaborating with Fairview to build upon
their exceptional behavioral health services,” said Debbie Osteen,
Chief Executive Officer of Acadia Healthcare. “This joint venture
expands our acute service line into Minnesota, providing care for
patients across the region who struggle with acute symptoms of
mental health and substance use disorders. This is our 16th joint
venture partnership across the country and will represent a more
than $50 million investment in the region’s mental healthcare
system.”
“As the largest provider of mental health and addiction care in
the region, we have a responsibility to innovate across the
continuum of mental health and addiction care,” said James
Hereford, President and Chief Executive Officer of Fairview Health
Services. “Improving access to and the quality of acute, inpatient
mental health and addiction care is an important part of that
commitment. In partnership with a world-class provider like Acadia
Healthcare, a new hospital will help us continue to evolve the care
we deliver to our patients and community.”
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services
across the United States. As of September 30, 2021, Acadia operated
a network of 230 behavioral healthcare facilities with
approximately 10,200 beds in 40 states and Puerto Rico. With more
than 20,000 employees serving approximately 70,000 patients daily,
Acadia is the largest stand-alone behavioral health company in the
U.S. Acadia provides behavioral healthcare services to its patients
in a variety of settings, including inpatient psychiatric
hospitals, specialty treatment facilities, residential treatment
centers and outpatient clinics.
About Fairview Health Services
Fairview Health Services (fairview.org) is a Minneapolis-based
nonprofit health system driven to heal, discover, and educate for
longer, healthier lives. Founded in 1906, Fairview provides
exceptional care to patients and communities as one of the most
comprehensive and geographically accessible systems in Minnesota.
Fairview has enjoyed a long partnership with the University of
Minnesota and University of Minnesota Physicians, now represented
in the M Health Fairview brand. Together, we offer access to
breakthrough medical research and specialty expertise as part of a
continuum of care that reaches all ages and health needs.
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Gretchen Hommrich Acadia Healthcare (615) 861-6000
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