News

US HealthVest is Developing a New Behavioral Health Hospital on Hendricks Regional Health Plainfield Campus

October 16, 2018

Indianapolis, Indiana, October 15, 2018 – US HealthVest announced the development of Indianapolis Behavioral Hospital, a new stand-alone behavioral center that will provide a full continuum of specialized inpatient and outpatient mental health care to patients of all ages. The new hospital will be located on the campus of Hendricks Regional Health in Plainfield, Indiana.

“We are excited to work in collaboration with Hendricks Regional Health to bring these vital services to the community,” said Richard Kresch, M.D., President and CEO of US HealthVest.  “Indianapolis Behavioral Hospital will treat the increasing and unmet need for specialized mental health services in the growing Indianapolis area.”

The facility will provide behavioral health and addiction treatment services to all patients, regardless of ability to pay. Comprehensive services will include free 24/7 assessments, inpatient care and intensive outpatient services. A full range of specialized programs will be offered, such as a Women’s Program, a Youth Program, a Co-Occurring Disorders Program, a Geriatric Program and a Psychiatric Intensive Care Program.

“The shortage of mental health services in our community and across the state and nation is at an unprecedented level,” said Hendricks Regional Health President & CEO Kevin Speer. “In Hendricks County alone, mental health and substance abuse were tied as the number two overall health concerns in the most recent Community Health Assessment. This collaboration with US HealthVest helps us bridge the gap for the children, adults and families who need these critical services.”

The project also brings a positive economic impact for Hendricks and surrounding counties. US HealthVest will invest $25 million to construct the 77,000 square-foot facility. The two-story hospital will have open spaces with views of nature, fostering a safe and nurturing environment. Shared amenities will include activity rooms, therapy spaces and a dining area, along with indoor and outdoor recreational spaces. Indianapolis Behavioral Hospital, expected to open in early 2020, will create over 250 new high-quality jobs with full benefits, as well as bring new state and federal funds to the area.

About US HealthVest

US HealthVest is an innovative provider of behavioral healthcare services. US HealthVest operates Chicago Behavioral Hospital, Lake Behavioral Hospital, Smokey Point Behavioral Hospital, Ridgeview Institute-Smyrna, 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.

About Hendricks Regional Health
Hendricks Regional Health is a nationally recognized, not-for-profit, charitable, healthcare organization with a deeply rooted legacy of community service. The Hendricks’ culture is built on our vision to be the community’s indispensable healthcare partner and on these seven values: Respect, Empathy, Integrity, Courage, Collaboration, Loyalty and Engagement. More than 2,200 associates live these values each day through a shared philosophy of patient-centered, high-quality, low-cost care.

In 2018, Hendricks was awarded a five-star overall rating for quality and safety by the Centers for Medicaid & Medicare Services. We are a Magnet® hospital for nursing excellence and are accredited by Healthcare Facilities Accreditation Program (HFAP). Hendricks achieved the Healthgrades 2018 Outstanding Patient Experience Award™ and is one of only 13 hospitals to be recognized in the top five percent in the nation for Outstanding Patient Experience for eleven consecutive years. In addition, since Fall 2016 Hendricks Regional Health has received consecutive “A” ratings in patient safety from Leapfrog.

Hendricks staffs a full complement of physicians in a variety of specialties at locations in Danville, Avon, Plainfield, Brownsburg, Lizton and Bainbridge, Indiana. For more information, please visit www.hendricks.org.

Contact:

Richard Kresch, M.D.                                                              Stacey Bulla

President and CEO                                                                  Communications Specialist

US HealthVest                                                                          Hendricks Regional Health

(212) 243-5565                                                                         skbulla@hendricks.org, (317) 745-8407

US HealthVest Commences Construction on Lake Behavioral Hospital

October 10, 2018

 Waukegan, IL, October 10, 2018 – US HealthVest announced the commencement of construction of Lake Behavioral Hospital in Waukegan, Illinois.  The new 146-bed behavioral hospital will provide a full continuum of specialized psychiatric care.

“Since our acquisition of Vista Medical Center West in March 2018, we have continued to provide quality behavioral healthcare services to the community,” said Richard Kresch, M.D., President and CEO of US HealthVest. “This new hospital will allow us to expand behavioral health services to treat the urgent and growing need for psychiatric care in Lake County and beyond.”

Located in the heart of Waukegan, Lake Behavioral Hospital will continue to provide psychiatric care to patients during the construction of the new hospital. Comprehensive services include free 24/7 assessments, inpatient and outpatient care.  Once construction is complete, all services will be relocated to the new hospital.  A full range of specialized programs will be offered including, but not limited to, a Women’s Program, a Youth Program, a Co-Occurring Disorders Program, a Geriatric Program, and a Psychiatric Intensive Care Program.

US HealthVest is investing approximately $30 million to transform the medical office building on campus into a new 88,000 square foot, 146-bed psychiatric hospital.  The hospital is designed to provide open spaces with daylight, enabling for a safe and therapeutic environment.  Shared amenities include activity rooms, therapy spaces, and a dining area, along with recreational activity spaces.  The new hospital, expected to open in the fall of 2019, will create over 200 additional high-quality jobs and will revitalize the surrounding Waukegan area.

Lake Behavioral Hospital is using local vendors for the design and construction of the building, including Legat Architects and Reed Construction as the General Contractor.

Chicago is a core market for US HealthVest. US HealthVest operates Chicago Behavioral Hospital in Des Plaines, and will open Silver Oaks Behavioral Hospital, a joint venture with Silver Cross Hospital in New Lenox, in December 2018.  Lake Behavioral Hospital allows US HealthVest to strengthen its position in the Chicago market by offering comprehensive service offerings and solidifying relationships with payers and providers.

About US HealthVest

US HealthVest is an innovative provider of behavioral healthcare services. US HealthVest operates Chicago Behavioral Hospital, Lake Behavioral Hospital, Smokey Point Behavioral Hospital, Ridgeview Institute-Smyrna, 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:

US HealthVest

Richard Kresch, M.D.

President and Chief Executive Officer

212-243-5565