USHealthVest in Big Indianapolis Center New Build PDF   E-mail
Addiction Treatment Industry Newswire

10/18/2018 -ATIN- US Healthvest, which has extensive addiction and mental health assets in the Chicago metro market, has announced an alliance with Indianapolis med surg Hendricks Regional to build a new stand alone $25M integrated behavioral health center.

Behind USHealthVest is Richard Kresch, a well known behavioral health entrepreneur who is the founder of Ascend Health Corporation, a closely held concern that is among the nation's largest specialty operators of integrated psychiatric and addiction centers. In March, US Healthvest bought Vista Medical Center West, now renamed Lake Behavioral Health, in north suburban Chicago from Quorum Health Corporation. Lake Behavioral Health is expected to expand to 100 beds from 46 currently.

The new Indianapolis facility, to be called Indianapolis Behavioral Hospital, will be a 77K sf integrated psychiatric/addiction treatment center and is expected to open in early 2020, creating approximately 250 new jobs.

Another man who was instrumental in building Ascend, former Goldman Sachs banker Steve Page, is behind NJ-based Sun Behavioral Health, which just last week opened a $25M integrated psych/addiction new build facility in Delaware.

READ OUR STORY on how big Wall Street money is backing integrated psych/addiction center new builds.

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