New Lenox, Illinois, January 28, 2019 – US HealthVest and Silver Cross Hospital announced the opening of Silver Oaks Behavioral Hospital, a newly constructed, 100-bed behavioral hospital that will provide a full continuum of specialized inpatient and outpatient mental health care to patients of all ages. Located on the campus of Silver Cross Hospital, Silver Oaks Behavioral Hospital is a joint venture between US HealthVest and Silver Cross Hospital.
“We are excited to work in partnership with Silver Cross Hospital to bring these critical services to the community,” said Richard Kresch, M.D., President and CEO of US HealthVest. “Together, we are delivering specialized psychiatric care in one of the most innovative behavioral health hospitals in the country today.”
Silver Oaks Behavioral Hospital provides behavioral health services to all patients, regardless of ability to pay. Comprehensive services include free 24/7 assessments, inpatient care and outpatient services. As is consistent with US HealthVest’s long history of de novo hospital development, Silver Oaks is scaling up programs to ensure the highest quality care and has opened with a Senior Adult program to address the growing needs of that unique population.
Silver Oaks is the newest addition to US HealthVest’s system of behavioral hospital in the Chicago area. US HealthVest operates Chicago Behavioral Hospital in Des Plaines and Lake Behavioral Hospital in Waukegan. With three hospitals in Chicagoland, the US HealthVest system has a broad geographic reach to offer comprehensive service offerings and solidify relationships with payors and providers.
Silver Oaks, the first new psychiatric hospital to open in Illinois in 20 years, is a two-story facility with open spaces, fostering a safe and secure environment. Shared amenities include activity rooms, therapy spaces and a dining area, along with indoor and outdoor recreational spaces. US HealthVest invested approximately $22 million to construct the 70,000 square foot facility on the campus of Silver Cross Hospital.
About US HealthVest
US HealthVest is an innovative provider of behavioral healthcare services. US HealthVest operates Chicago Behavioral Hospital, Silver Oaks 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.
Richard Kresch, M.D.
President and CEO