US HealthVest operates and develops behavioral health hospitals that deliver inpatient and outpatient psychiatric and substance‑abuse services and specialized programs tailored to community needs. The company partners with existing medical providers to expand services and improve access to care in underserved communities. Its hospitals are accredited by The Joint Commission and serve adolescents, adults and senior adults. US HealthVest currently operates multiple facilities including Chicago Behavioral Hospital, Lake Behavioral Hospital, Silver Oaks Behavioral Hospital, Smokey Point Behavioral Hospital, and two Ridgeview Institute locations, and is developing additional psychiatric hospitals across the country. Founded in 2013 by Dr. Richard Kresch, the company focuses on expanding its facility footprint and service offerings. The recent financing is intended to support both refinancing of existing debt and growth capital for facility expansion. US HealthVest develops and operates behavioral health hospitals and programs, including the Chicago Behavioral Hospital and planned facilities near Atlanta and Seattle. The company provides specialized psychiatric care across inpatient, partial hospitalization, intensive outpatient, medication management, residential treatment and academic programs for children, adolescents, adults and seniors. Its hospitals are accredited by The Joint Commission. US HealthVest was founded in 2013 by Richard A. Kresch, M.D., who serves as President & CEO. The company intends to use the funds from the recent round to further expand its coverage and continue developing new hospitals. US HealthVest focuses on acquiring and developing specialized, high-quality psychiatric facilities and delivering a broad range of inpatient and outpatient programs, including substance abuse treatment. The company plans to expand access to care by developing new facilities and acquiring existing facilities with untapped potential. It emphasizes a patient-centric approach and working closely with local communities to meet unmet needs. US HealthVest is led by Richard Kresch, who previously led Ascend Health, a Polaris-backed operator of nine freestanding behavioral health facilities with nearly 900 beds before its 2012 acquisition. The company announced it has raised $36 million to support its acquisition and development strategy. Investors and management stress combining specialized programs with sound cost structures to improve patient care and scale operations.

Total raised

$141M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Apr 2019