Acadia Healthcare has signed another joint venture with the non-profit healthcare system, this time in partnership with Fairview Health Services, to open a new hospital in Minnesota.
The Commercial Health System and Fairview Health Services will design and build an inpatient mental health and drug addiction treatment facility serving Minneapolis and St. Paul, Franklin, Tennessee. announced Thursday. The partners expect to spend $ 50 million on the new hospital.
The hospital will have 144 inpatient beds for psychiatric patients and will focus on providing care in a soothing therapeutic environment, the health system said.
“Acadia is proud to partner with Fairview to develop their exceptional mental health services,” Debbie Ostid, CEO of Acadia Healthcare, said in a press release.
Fairview Health Services is the largest provider of mental health and drug addiction services in the Twin Cities region and is responsible for driving innovation, James Hereford, general manager of the Minneapolis Health System, said in a press release.
“Improving the access and quality of emergency inpatient mental health and drug addiction care is an important part of this commitment,” Hereford said. “In partnership with a world-class provider such as Acadia Healthcare, the new hospital will help us further develop the services we provide to our patients and the community.”
This is Acadia Healthcare’s sixteenth joint venture. Earlier this month, the company announced a partnership with Orlando Health that will expand its inpatient and outpatient mental health offerings. Acadia Healthcare, with more than $ 2 billion in annual revenues, will also take over Orlando Health’s only inpatient behavioral health program, based in Longwood Hospital.
Acadia Healthcare also announced plans this year to build two freestanding mental hospitals in partnership with Danville, Pennsylvania-based non-profit Geisinger.