Acadia Healthcare Forms Joint Venture Partnership With Solution Health In New Hampshire; This Project Will Be Supported By The $15M In State Funding From The New Hampshire Department Of Health And Human Services
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Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has formed a joint venture with SolutionHealth to build a 144-bed behavioral health hospital in southeast New Hampshire. The project, which expands Acadia's acute service line into a new state, will be supported by $15 million in state funding from the New Hampshire Department of Health and Human Services. This marks the 19th joint venture partnership for Acadia.
June 30, 2023 | 4:17 pm
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Acadia Healthcare's joint venture with SolutionHealth to build a behavioral health hospital in New Hampshire could potentially boost its revenues and expand its service line. The project is supported by $15 million in state funding.
The joint venture allows Acadia to expand its services into a new state, potentially increasing its customer base and revenues. The state funding reduces the financial risk associated with the project, making it a positive development for the company.
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