US HealthVest

What US HealthVest does

US HealthVest is a privately held behavioral healthcare company that develops, owns, and operates psychiatric hospitals across the United States. Founded in 2012 and headquartered in New York, the company follows a de novo development and acquisition strategy, building or acquiring facilities in markets with documented shortages of inpatient psychiatric capacity and partnering with established regional health systems to underwrite capital and supply referrals. Its portfolio spans ten hospitals — including Chicago Behavioral Hospital, Lake Behavioral Hospital, Silver Oaks Behavioral Hospital, Hendricks Behavioral Hospital, Smokey Point Behavioral Hospital, South Sound Behavioral Hospital, the Ridgeview Institute campuses in Monroe and Smyrna, the Hospital for Behavioral Medicine in Worcester, and the forthcoming Meadowview Behavioral Hospital in Peoria — totaling roughly 900+ operational beds across Illinois, Georgia, Washington, Indiana, and Massachusetts, with an additional 100 beds coming online in 2026.

The company's core service offering is a full continuum of behavioral health care: 24/7 inpatient psychiatric services, partial hospitalization programs (PHP), intensive outpatient programs (IOP), medical detoxification, dual diagnosis treatment, telehealth, and free community crisis assessments. Care is delivered through specialized programs for children/adolescents, adults, seniors, women, military service members and veterans (Extra Mile Military Care and Extra Mile Veteran Care), transgender/non-binary adolescents, and faith-based and tribal communities. All hospitals are accredited by The Joint Commission and incorporate evidence-based modalities such as CBT, DBT, and Illness Management and Recovery, plus pharmacogenomic decision support via a partnership with Myriad Genetics' GeneSight test.

US HealthVest's business model combines direct hospital operations (per-diem and case-rate clinical revenue from inpatient and outpatient services) with management services agreements for partner health systems and revenue-sharing joint ventures for capital-intensive new builds. Go-to-market is enterprise field sales: partnership outreach to regional health systems, supported by participation in healthcare conferences (Becker's, Jefferies Healthcare, Behavioral Health Business INVEST) and direct relationship development. The company is founder-controlled under CEO Dr. Richard Kresch, has raised approximately $161M across multiple funding rounds since 2013, and employs 1,001-5,000 staff.

Name

US HealthVest

Legal name

US HealthVest

Website

https://ushealthvest.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

US HealthVest is a private behavioral healthcare company that develops, owns, and operates psychiatric hospitals across the U.S., serving children, adolescents, adults, seniors, and military/veteran populations through inpatient, PHP, IOP, detox, and crisis services in partnership with regional health systems.

Ownership category

akta.pro rank

Product category

Behavioral Healthcare Services

NAICS

Psychiatric and Substance Abuse Hospitals (62221), Offices of Physicians, Mental Health Specialists (621112), Outpatient Mental Health and Substance Abuse Centers (621420)

SIC

Services-Hospitals (8060), Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Inpatient Psychiatric Hospitals (HLAFAHAH)

akta.pro secondary industries

Inpatient Psychiatric Hospitals & Units (HLAFACAB), Outpatient Mental Health Clinics & Counseling Centers (HLAFACAA), Psychiatry & Medication Management Platforms (HLALAEAB)

Keywords

• Psychiatric hospital services
• Behavioral healthcare
• Mental health treatment
• Substance abuse treatment
• Hospital joint ventures

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Psychiatric Hospital Services: Revenue generated from inpatient psychiatric care, residential treatment, day hospital services, partial hospitalization programs (PHP), intensive outpatient programs (IOP), and crisis assessments. Services provided to children, adolescents, adults, and seniors regardless of ability to pay.
2. Hospital Management Services: US HealthVest provides management services for behavioral health programs at partner health system facilities, managing inpatient psychiatric units, detoxification programs, outpatient psychiatric services, and psychiatric consultation in emergency departments.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

US HealthVest develops and operates psychiatric hospitals providing a full continuum of behavioral health services including inpatient psychiatric care, residential treatment, partial hospitalization programs (PHP), intensive outpatient programs (IOP), detoxification, and crisis assessments. The company uses a de novo development and acquisition business model, partnering with health systems through joint ventures to build new hospitals in underserved communities. All facilities are Joint Commission accredited and serve patients of all ages regardless of ability to pay.

Product overview

US HealthVest is a behavioral healthcare company operating a portfolio of psychiatric hospitals across multiple U.S. markets (Chicago, Atlanta, Seattle, Indianapolis, Boston). The company operates through a de novo development and acquisition business model, building and managing psychiatric hospitals that provide a full continuum of specialized behavioral health services. Their portfolio includes hospitals offering inpatient, residential, and day hospital services with specialized programs for adolescents, adults, seniors, women, military/veterans, and patients with dual diagnosis. Key facilities include Chicago Behavioral Hospital, Silver Oaks Behavioral Hospital, Lake Behavioral Hospital, Hendricks Behavioral Hospital, Smokey Point Behavioral Hospital, South Sound Behavioral Hospital, Ridgeview Institute (Monroe and Smyrna), and Hospital for Behavioral Medicine. Services include medical detoxification, crisis assessments available 24/7 at no charge, partial hospitalization programs (PHP), intensive outpatient programs (IOP), and telehealth. The company forms joint venture partnerships with health systems to expand behavioral health access in underserved communities.

Differentiator

Problem solved

Functional benefit

Brands

• Extra Mile Military Care: Specialized program for inpatient care and treatment for active duty, guard & reserve service members, designed for combat induced PTSD or pre-existing PTSD aggravated by military service.
• Extra Mile Veteran Care
• Women's Connection

Products and services

• Inpatient Psychiatric Services

Quantifiable outcome

• South Sound Behavioral Hospital treats over 5,000 patients each year
• +2 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, minor and supporting.

• Franciscan HealthcoreStrategic or Co-development Partner · 30 April 2026Partnership where US HealthVest provides management services for behavioral health programs across Franciscan Health's Lake County hospitals. US HealthVest manages adult and adolescent inpatient psychiatric units, the detoxification program and outpatient psychiatric services at Franciscan Health Dyer, and provides psychiatric consultation and navigation services in emergency departments at Franciscan Health Crown Point, Dyer and Munster.
• OSF HealthCarecoreStrategic or Co-development Partner · 6 October 2022Joint venture between OSF HealthCare and US HealthVest to develop Meadowview Behavioral Hospital in Peoria, Illinois - a 100-bed, 64,000 square foot inpatient behavioral hospital. OSF HealthCare is an integrated health system owned by The Sisters of the Third Order of St. Francis with 17 hospitals throughout Illinois and Michigan. The partnership represents a nearly $35 million investment and is expanding to include management of services at OSF Saint Elizabeth Medical Center in Ottawa, IL.
• Tulalip TribesminorOthers · 26 April 2022Community partnership with Tulalip Tribes for behavioral health services, with Tulalip Tribes Chairwoman Marie Zackuse participating in the grand opening of Smokey Point Behavioral Hospital.
• Gwinnett County Sheriff's Mental Health Task ForcesupportingOthers · 30 November 2021Ridgeview Institute - Monroe partnered with the Gwinnett County Sheriff's Mental Health Task Force (MHTF) to end stigma surrounding mental illness, create streamlined processes for responding to individuals with mental health crises, and provide suicide prevention training (QPR).
• Myriad Genetics (GeneSight)supportingTechnology or Integration · 4 October 2021Ridgeview Institute partnered with Myriad Genetics to offer GeneSight genetic testing to patients. The GeneSight test helps clinicians understand how patients may respond to certain medications for depression, anxiety and other psychiatric conditions by analyzing how genes impact medication metabolism, enabling personalized medication selection.
• Sinai ChicagocoreStrategic or Co-development Partner · 11 August 2021Partnership with Sinai Chicago for the Center for Addiction Treatment and Recovery at Holy Cross Hospital. US HealthVest provides management and operational expertise for an advanced hospital-based drug and alcohol detoxification program focused on individualized care and support for underserved communities on Chicago's Southwest and West sides.
• Hendricks Regional HealthcoreStrategic or Co-development Partner · 28 April 2021Strategic partnership for Hendricks Behavioral Hospital - a newly constructed 70,000 square foot hospital on the Hendricks Regional Health campus in Plainfield, Indiana. The hospital provides evidence-based addiction and behavioral health treatment services with addiction services including detoxification and co-occurring disorders programs, and full range psychiatric services including youth, adult, women's and geriatric programs.
• Georgia Department of Behavioral Health and Developmental Disabilities (DBHDD)coreOthers · 4 June 2019Contract for Ridgeview Institute - Monroe to provide Adult Mental Health Inpatient Beds for patients referred by DBHDD in regions 1 and 6 within the state of Georgia.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Rogers Behavioral Health: Nonprofit specialty behavioral health system operating inpatient, residential, and outpatient programs across multiple states. Comparable to US HealthVest in evidence-based psychiatric and addiction treatment offerings, including specialty programs (e.g., OCD, eating disorders) that parallel US HealthVest's population-specific tracks.
• Acadia Healthcare: Largest US pure-play operator of inpatient behavioral health and substance abuse treatment facilities. Closest direct competitor to US HealthVest, operating a national portfolio of psychiatric hospitals with similar service lines (inpatient, PHP, IOP, residential) and similar JV/health-system partnership strategies.
• Universal Health Services: Major publicly-traded hospital operator with one of the largest dedicated behavioral health hospital divisions in the US. Directly comparable to US HealthVest in psychiatric inpatient service delivery, scale, and reliance on commercial/Medicaid behavioral health reimbursement.
• Devereux Advanced Behavioral Health: Large nonprofit behavioral health provider with residential, inpatient, and community-based programs focused on children, adolescents, and adults with behavioral health needs. Comparable to US HealthVest's specialized child/adolescent and adult psychiatric service lines.

Broad incumbents

• Ascension Health: One of the largest Catholic nonprofit health systems in the US with behavioral health service lines across its hospitals. A potential JV partner or competitor to US HealthVest's faith-based and community hospital-affiliated psychiatric offerings.
• Wellpath: National provider of medical and behavioral health services to correctional, inpatient psychiatric, and community settings. Comparable in running psychiatric inpatient facilities with similar payer mix, including government contracts that overlap with US HealthVest's state referral arrangements.
• Steward Health Care: Large multi-state hospital operator offering behavioral health services as part of a broader inpatient portfolio. Competes with US HealthVest in regional markets and represents the type of incumbent general hospital system US HealthVest partners with or against.
• HCA Healthcare: Largest US for-profit hospital system with substantial inpatient psychiatric and behavioral health service lines across its facilities. While broader than US HealthVest, HCA competes for the same psychiatric patient population, payers, and clinician talent in overlapping markets.

Emerging players

• BrightView Health: Multi-state outpatient addiction treatment provider offering medication-assisted treatment, IOP, and counseling. Adjacent competitor to US HealthVest's substance abuse service lines (detox, dual diagnosis, IOP), though BrightView is primarily outpatient rather than inpatient psychiatric hospital-based.

Regional players

• Hackensack Meridian Health: Large nonprofit integrated health system serving New Jersey with significant behavioral health capacity. Comparable in operating a multi-site psychiatric footprint within a regional catchment, but does not directly compete in US HealthVest's current Midwest/Southeast/Pacific Northwest footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds6 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about US HealthVest