Behavioral Health Business July 5, 2022
Tufts Medicine is teaming up with behavioral health provider Acadia Healthcare Company (Nasdaq: ACHC) on a new joint venture. The goal: to build a 144-bed behavioral health hospital in Massachusetts.
The new facility will be built on the site of Malden Hospital, a community hospital that closed its doors in 1999. As part of the joint venture, Tufts and Acadia will invest more than $65 million in building behavioral health resources in the Boston area.
The hospital, which emerged out of the rising need for behavioral health facilities, will include intensive outpatient services, adult inpatient services and pediatric inpatient services.
This news comes at a time when there is a large shortage of pediatric mental health providers in the U.S....
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