Facility investor and owner US HealthVest and provider OSF HealthCare System announced a joint venture agreement to build the largest inpatient psychiatric hospital in Illinois south of Chicago, Behavioral Health Business reports.
The deal between New York, City-based US HealthVest and Peoria-based OSF HealthCare exemplifies a core part of US HealthVest’s business strategy and the wider trend of health care providers and other businesses partnering to address the declining number of psychiatric beds in the U.S.
The JV will result in a 100-bed behavioral health facility built on land owned by OSF HealthCare in Peoria, Illinois. Read more.
