US HealthVest Commences Development of South Sound Behavioral Hospital

108-Bed Behavioral Hospital to Address Critical Shortage of Psychiatric Services

US HealthVest has begun development of South Sound Behavioral Hospital. A settlement agreement has been reached between US HealthVest, Providence St. Peter Hospital and the Washington State Department of Health. South Sound Behavioral Hospital will be a 108-bed psychiatric hospital that will provide a full continuum of behavioral and addiction treatment services to patients of all ages.

“With this settlement, we are moving ahead with development,” said Richard Kresch, M.D., President and CEO of US HealthVest. “We look forward to finally opening this new psychiatric hospital that will address the critical shortage of psychiatric services in the area.”

Located in the Woodland Square District in Lacey, Washington, the hospital will provide behavioral health and addiction treatment services to children, adolescents, adults and senior adults. Comprehensive services will include free 24/7 assessments, inpatient and intensive outpatient care. The hospital has gained widespread public support. Thurston County and surrounding areas are experiencing a severe shortage of behavioral services, forcing many patients to leave the area for treatment.

US HealthVest will invest over $23 million to develop South Sound Behavioral Hospital. US HealthVest will transform a currently vacant building into a state-of-the-art hospital with open spaces with daylight and direct views of nature, creating a safe and nurturing environment. The hospital, expected to open in early 2019, will bring over 200 jobs to the area and will revitalize the Woodland Square District.

About US HealthVest

US HealthVest is a leading provider of behavioral healthcare services. US HealthVest operates Smokey Point Behavioral Hospital, Chicago Behavioral Hospital, Ridgeview Institute-Smyrna and Ridgeview Institute – Monroe and is developing additional psychiatric hospitals across the country. Accredited by The Joint Commission, US HealthVest’s hospitals provide specialized psychiatric care to patients with a full range of inpatient and outpatient services for children, adolescents, adults and senior adults. US HealthVest was founded in 2013 by Dr. Richard Kresch, formerly Founder & CEO of Ascend Health Corporation and Heartland Health Developments. For more information, please visit www.ushealthvest.com.

Contact:
Richard Kresch, M.D.
President and CEO
US HealthVest
212-243-5565

US HealthVest Launches Recruitment Marketing Campaign Targeting Top Psychiatrist Talent

Expansion at US HealthVest psychiatric hospitals creates huge opportunity and demand for experienced Psychiatrists. Company partners with Katon Direct to engage top talent.

US HealthVest, a leading behavioral healthcare company, has experienced significant growth as the company continues to redefine the psychiatric hospital space. As a result of this expansion, the need to add qualified psychiatrists to service the growing patient population of adolescents, adults and seniors has increased.

To accelerate the recruitment process of qualified psychiatrists at its fastest growing locations – Smokey Point Behavioral Hospital (Marysville, WA), Ridgeview Institute (Smyrna, GA and Monroe, GA), Chicago Behavioral Hospital (Des Plaines, IL) – US HealthVest has partnered with Katon Direct, the leader in healthcare recruitment marketing solutions.

“Providing exceptional, individualized patient care is at the core of US HealthVest’s mission” said Dr. Richard Kresch, President and Chief Executive Officer. “To deliver on that principle, we invest in topflight healthcare talent who share our passion for innovative behavioral healthcare, individualized treatment and commitment to serving all patients, regardless of ability to pay. We’re excited to partner with Katon Direct to achieve our hiring goals, and we look forward to connecting with exceptional psychiatrists.”

Richard Kaskel, CEO of Katon Direct, added “We are very excited to be partnering with US HealthVest and help the organization engage experienced psychiatrists thru personalized recruitment marketing.   We are very impressed with their business model, exceptional career offering, and commitment to invest in the talent that provides care to their patients.”

About US HealthVest

US HealthVest is a leading provider of behavioral healthcare services. US HealthVest operates Chicago Behavioral Hospital, Smokey Point Behavioral Hospital, Ridgeview Institute and Ridgeview Institute – Monroe and is developing additional psychiatric hospitals across the country. Accredited by The Joint Commission, US HealthVest’s hospitals provide specialized psychiatric care to patients with a full range of inpatient and outpatient services for adolescents, adults and senior adults. US HealthVest was founded in 2013 by Dr. Richard Kresch, formerly Founder & CEO of Ascend Health Corporation and Heartland Health Developments. For more information, please visit www.ushealthvest.com.

For more information on career opportunities at US HealthVest:

Martina Sze
Executive Vice President
US HealthVest

212-243-5565
msze@ushealthvest.com

 

About Katon Direct

With an industry-leading database of over 8 million healthcare professionals and highly targeted recruitment marketing campaigns, Katon Direct helps hundreds of healthcare employers connect with their ideal candidate pool, grow their talent community and elevate their employer brand.

Media Contact:
Jason Golden
Director of Marketing
JGolden@katondirect.com

Lacey mental health hospital approved

A new mental health hospital in Lacey has been given the go-ahead by the Washington state Department of Health.

US HealthVest has been awarded the “certificate of need” for a 75-bed behavioral health center to be placed in an old office building in Lacey’s Woodland District.

Chief Executive Officer Richard A. Kresch, M.D, says the facility will be an in- and out-patient treatment center with an average stay of around seven to eight days.

Kresch says the hospital will specialize in treatment for Detox, psychiatric needs, and behavioral services. He believes the center will be open in late 2018.

“I think everyone knows that mental health is an issue that needs to be addressed,” said Andy Ryder, Mayor of Lacey. Ryder says the community is in desperate need of a mental health hospital. “We see the need in our homeless population and a lot of communities are asking what can we do.”

Providence Health and Services has fought against the new hospital by appealing the Department of Health’s decision. Providence says it has concerns that the new facility won’t meet the needs of underserved patients in the community.

US HealthVest also owns and operates the Smokey Point Behavioral Hospital in Marysville.

Certificate of Need Affirmed for South Sound Behavioral Hospital

Department of Health Review Officer Issues Final Order

The Washington State Department of Health’s Review Officer issued a final order that affirmed South Sound Behavioral Hospital’s Certificate of Need for 75 psychiatric beds in all respects. Providence St. Peter Hospital, a competing provider, appealed the Certificate of Need. However, the Review Officer affirmed the Certificate of Need over Providence’s objections.

“We are pleased with the Review Officer’s ruling,” said Richard Kresch, M.D., President and CEO of US HealthVest. “We were granted the Certificate of Need in July 2016; however, implementation has been delayed by 17 months due to Providence’s opposition. We look forward to finally opening this new psychiatric hospital that will address the critical shortage of psychiatric services in the area.”

Located in the Woodland Square District in Lacey, Washington, the hospital will provide behavioral health and addiction treatment services to children, adolescents, adults and senior adults. Comprehensive services will include free 24/7 assessments, inpatient and intensive outpatient care. The hospital has gained widespread public support. Thurston County and surrounding areas are experiencing a severe shortage of behavioral services, forcing many patients to leave the area for treatment.

US HealthVest will invest over $23 million to develop South Sound Behavioral Hospital. US HealthVest will transform a currently vacant building into a state-of-the-art hospital with open spaces with daylight and direct views of nature, enabling for a safe and nurturing environment. The hospital will bring over 200 jobs to the area and will revitalize the Woodland Square District.

Providence St. Peter Hospital and its partner, Universal Health Services (NYSE: UHS), have submitted a Certificate of Need to develop a competing psychiatric hospital. However, their Certificate of Need has been rejected by the Washington State Department of Health. Providence has until November 30, 2017 to decide if it will continue the appeal of US HealthVest’s Certificate of Need.

 

About US HealthVest

US HealthVest is a leading provider of behavioral healthcare services. US HealthVest operates Smokey Point Behavioral Hospital, Chicago Behavioral Hospital, Ridgeview Institute and Ridgeview Institute – Monroe and is developing additional psychiatric hospitals across the country. Accredited by The Joint Commission, US HealthVest’s hospitals provide specialized psychiatric care to patients with a full range of inpatient and outpatient services for children, adolescents, adults and senior adults. US HealthVest was founded in 2013 by Dr. Richard Kresch, formerly Founder & CEO of Ascend Health Corporation and Heartland Health Developments. For more information, please visit www.ushealthvest.com.

Contact:
Richard Kresch, M.D.
President and CEO
US HealthVest
212-243-5565