FRANKLIN, Tenn. – Acadia Healthcare (NASDAQ:ACHC) Company, Inc. (NASDAQ: ACHC) and Ascension Seton have announced a joint venture that will enhance behavioral healthcare services in Austin, Texas. The collaboration aims to extend Acadia's operations at Cross Creek Hospital by adding a 106-bed facility, raising the total to 196 beds when it opens in late 2024.
The planned expansion is in line with both organizations' commitment to providing high-quality, compassionate care. The new hospital, named Cross Creek Hospital together with Ascension Seton, will serve as a training site for medical students and residents from Dell (NYSE:DELL) Medical School at The University of Texas at Austin.
This marks the second venture between Acadia and Ascension, following the launch of Ascension Saint Thomas Behavioral Health Hospital in Nashville, Tennessee, in 2020.
Chris Hunter, CEO of Acadia Healthcare, expressed pride in strengthening their relationship with Ascension, emphasizing the partnership's role in delivering top-tier behavioral healthcare in Austin. Acadia currently boasts 21 joint venture partnerships, reflecting its strategy to broaden behavioral health access nationwide.
Andy Davis, president and CEO of Ascension Texas, highlighted the joint venture's potential to be a vital community asset, especially for vulnerable populations, by combining the strengths of both entities to enhance regional behavioral health services.
Acadia Healthcare is the largest independent provider of behavioral healthcare services in the U.S., with 253 facilities and approximately 11,100 beds across 39 states and Puerto Rico. Ascension Texas, part of one of the country's leading non-profit and Catholic health systems, operates several healthcare institutions, including the only comprehensive children's hospital in the region.
The information in this article is based on a press release statement.
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