Strategic Behavioral Health, LLC. (SBH) has acquired the assets of Peak Behavioral Services from Universal Health Services, Inc. (UHS). The facility is located in Santa Teresa, New Mexico (near El Paso, Texas).
The acquisition is being made in connection with the divestiture requirements resulting from the agreements between the Federal Trade Commission and Universal Health Services, Inc. following UHS’s acquisition of Ascend Health Corporation.
The Peak Behavioral facility, which has been serving the behavioral healthcare needs of Southeastern New Mexico and the Greater El Paso area for over 25 years, is a licensed acute and residential psychiatric hospital with 119 total beds.
Peak Behavioral provides acute behavioral healthcare services including adult, chemical dependency, military and child and adolescent areas. Additionally, the facility provides residential treatment services for children and adolescents. The acquisition of the assets of Peak Behavioral brings the total beds for SBH to 536 existing beds. The additional construction of 164 new beds in two new facilities in Las Vegas, Nevada and College Station, Texas will bring the total to over 700 beds by late 2014. The beds are located in North Carolina, Colorado, New Mexico, Texas and Nevada across 8 facilities.
Jim Shaheen, founder and chief executive officer of SBH, stated in a press release, “We are excited to be entering the Southeastern New Mexico and Greater El Paso markets through the acquisition of Peak Behavioral. This is geographically complementary to our other Southwestern facilities in Colorado Springs and Las Vegas and our new facility being built in College Station, Texas. While SBH has principally focused on organic growth of new facilities, we have the desire as well as ready access to capital to continue to selectively pursue acquisitions that have high quality clinical programs in sound markets and present opportunities for additional growth.”