US HealthVest logo
OSF Healthcare logo

OSF HealthCare and US HealthVest receive approval for new hospital
Behavioral health facility to be named Meadowview Behavioral Hospital

Contact: Shelli Dankoff, Media Relations Supervisor – OSF HealthCare [email protected]
Richard Kresch, President and CEO – US HealthVest (212) 243-5565

(Peoria, Ill. | May 9, 2023) — The Illinois Health Facilities and Services Review Board has approved a Certificate of Need application by OSF HealthCare and US HealthVest, which will allow for the construction of a new 64,000 square-foot inpatient treatment facility. The planned 100-bed Meadowview Behavioral Hospital will be located on a tract of land that is owned by OSF HealthCare on Illinois Route 91.

“We are pleased to move forward with constructing what will be the largest behavioral health hospital south of Chicago and the ninth largest in Illinois,” said Michael Cruz, M.D., Chief Operating Officer, OSF HealthCare. “We appreciate the support from the communities we serve and elected officials, including state senators Dave Koehler and Jill Tracy, Representative Jehan Gordon-Booth, Mayor Rita Ali and others, for helping make this much-needed facility a reality.”

Meadowview Behavioral Hospital will expand access to urgently needed mental health care for residents throughout central Illinois. A full continuum of behavioral health services will be offered, regardless of ability to pay, including comprehensive treatment for those who struggle with acute symptoms of mental health. The hospital will be open 24/7, with a crisis center offering free assessments and specialized programs with evidence-based care. In addition, partial hospitalization and intensive outpatient programs will be provided.

“There remains a tremendous unmet need for behavioral health services close to home,” said Richard Kresch, MD, CEO and Founder of US HealthVest. “This new facility will allow us to deliver highly personalized and compassionate care and services within the community.”

The investment by OSF and US HealthVest is nearly $35 million. Meadowview Behavioral Hospital is anticipated to open by late 2025.

About OSF HealthCare
OSF HealthCare is an integrated health system owned and operated by The Sisters of the Third Order of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare employs nearly 24,000 Mission Partners in 150 locations, including 15 hospitals – ten acute care, five critical access – with 2,089 licensed beds and two colleges of nursing throughout Illinois and Michigan. The OSF HealthCare physician network employs more than 1,500 primary care, specialists and advanced practice providers. OSF HealthCare, through OSF Home Care Services, operates an extensive network of home health and hospice services. It also owns Pointcore, Inc., comprised of healthcare-related businesses; OSF HealthCare Foundation, the philanthropic arm of the organization; and OSF Ventures, which provides investment capital for promising healthcare innovation startups — more at

About US HealthVest
US HealthVest is an innovative developer of psychiatric hospitals with locations in the Chicago, Atlanta, Seattle, Boston and Indianapolis markets. US HealthVest’s portfolio of hospitals are accredited by The Joint Commission and provide specialized psychiatric care to patients with a full continuum of inpatient and outpatient services. For more information, please visit