Adventist Health signed a definitive agreement to sell their behavioral health hospital in Vallejo to Acadia Healthcare (NASDAQ: ACHC) to strengthen behavioral health services in Solano County and the northern California region. Juniper proudly advised Adventist on this transaction.
Health systems are continually exploring new ways to deliver better healthcare. When it comes to some service lines, particularly behavioral health and ancillary care, this increasingly entails bringing in a focused operator partner. Such a transaction can enhance access and care quality, and also lower financial risk while keeping the business closely integrated with other offerings.
Adventist Health Vallejo, is a 61-bed psychiatric hospital that offers inpatient and outpatient care. Its services include short-term psychiatric care for children, adolescents and adults as well as partial hospitalization services for adults who are experiencing psychiatric problems or a substance abuse disorder. Adventist’s regional tertiary hospital in St. Helena will continue to support the acute care needs of the Vallejo facility.
“Behavioral health and well-being are central to Adventist Health’s mission, and we are committed to taking actions that meet the needs of our communities,” said Steven Herber, MD, president of Adventist Health services in Vallejo and St. Helena, in a press release. “Acadia has the national