Lifepoint Health announced on January 23 that it acquired Cornerstone Behavioral Health El Dorado.
Cornerstone Behavioral Health El Dorado’s operations will be rolled into the Lifepoint behavioral health business. Lifepoint plans to invest in Cornerstone Behavioral Health El Dorado’s growth and plans to add nearly 50 beds to the facility in the coming months. Terms of the deal were not disclosed.
Cornerstone Behavioral Health El Dorado is a 54-bed facility in Tucson, Arizona. It offers acute inpatient treatment for mental health and substance use disorders
Lifepoint Health, a subsidiary of RCCH HealthCare Partners, owns and operates 62 community hospitals, more than 30 rehabilitation and behavioral health hospitals and 170 additional sites of care, including managed acute rehabilitation units, outpatient centers and post-acute care facilities. RCCH HealthCare is a portfolio company of Apollo Global Management.
According to data captured in the LevinPro HC database, this transaction marks the second acquisition of an inpatient behavioral health hospital of 2023. There were seven inpatient behavioral health hospitals acquired during 2022.
