Corterra Healthcare

What Corterra Healthcare does

Corterra Healthcare, operating as Corterra of Wichita, LLC, is a private for-profit behavioral health services company headquartered in Wichita, Kansas. The company specializes in mental and behavioral health care for older adults, developing and managing inpatient psychiatric hospitals designed for short-term stabilization of seniors experiencing mental health crises, with the stated goal of returning patients to their prior level of functioning while improving psychosocial well-being. Its flagship facility is located at 7447 W. Village Circle, Wichita, KS 67205.

Beyond direct inpatient service delivery, Corterra operates a consulting and management practice built around six integrated offerings: Inpatient Behavioral (turnkey hospital development and management), Psychiatric Consulting (platform development for healthcare networks), Senior Living (operational management for senior care communities), Turnaround Consulting (organizational recovery), Strategic Planning (market and capital planning), and Partnership Opportunities (collaborative service expansion). The company is led by CEO and Founding Partner Erik Hatten, drawing on leadership experience in post-acute and senior care across both not-for-profit and for-profit organizations.

Corterra earns revenue through two primary mechanics: managed inpatient services paid for by insurance, Medicare/Medicaid, and direct facility contracts (Inpatient Behavioral, Senior Living Management), and fee-based professional services engagements (Psychiatric Consulting, Turnaround Consulting, Strategic Planning, Partnership Opportunities). GTM is sales-led, relying on direct outreach to healthcare providers, health systems, and senior living communities via website contact forms, phone engagement, and healthcare industry networking. Customer segments are senior patients requiring behavioral health stabilization, healthcare provider organizations seeking behavioral health expertise, and senior living operators needing operational and clinical support. The company currently operates regionally from a single Wichita site and has signaled intent to open additional locations across the region.

Name

Corterra Healthcare

Legal name

Corterra of Wichita, LLC

Website

https://corterrahealth.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Corterra Healthcare develops and manages inpatient psychiatric hospitals and provides consulting services specializing in mental and behavioral health care for older adults, serving healthcare providers, health systems, and senior living communities from its Wichita, Kansas base.

Ownership category

akta.pro rank

Product category

Senior Behavioral Health Services

NAICS

Psychiatric and Substance Abuse Hospitals (62221), Nursing and Residential Care Facilities (623)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Management Consulting Services (8742)

akta.pro primary industry

Behavioral Health–Capable Assisted Living (Mental Health/SUD Support) (HLADABAI)

akta.pro secondary industries

Short-Term Dementia Respite & Transitional Memory Care Programs (HLADACAG), Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place) (HLADABAC)

Keywords

• Behavioral health services
• Senior mental health
• Inpatient psychiatric care
• Senior care consulting
• Psychiatric stabilization

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Inpatient Behavioral Health Services: Corterra develops and manages hospitals providing short-term psychiatric and cognitive health solutions. Revenue generated through healthcare service delivery to patients, with payment sourced from insurance, Medicare/Medicaid, and direct contracts with healthcare facilities.
2. Psychiatric Consulting Services: Customized psychiatric consulting platforms and management support services for healthcare providers and networks. Fee-based consulting arrangements with healthcare organizations seeking to fill gaps in their behavioral health continuum.
3. Turnaround Consulting: Comprehensive organizational analysis and implementation services for struggling healthcare organizations. Professional services engagement with defined scope and deliverables.
4. Strategic Planning Services: Financial planning, market analysis, and capital planning services for healthcare organizations. Consulting engagements focused on growth opportunities and organizational development.
5. Senior Living Management: Operational management and consulting services for senior living communities. Ongoing management service partnerships with senior care facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Corterra Healthcare develops and operates inpatient hospitals that deliver short-term psychiatric and cognitive health solutions for older adults experiencing mental health crises, with the goal of returning individuals to their prior level of functioning. In parallel, the company provides psychiatric consulting, senior living operational management, turnaround consulting, strategic planning, and partnership development services to healthcare providers, health systems, and senior living communities.

Product overview

Corterra Healthcare offers a unified platform of specialized mental and behavioral health services for older adults and the senior care community. The portfolio consists of six integrated service offerings: Inpatient Behavioral (turnkey hospital development and management for psychiatric stabilization), Psychiatric Consulting (platform development for healthcare providers), Senior Living (operational management for senior care communities), Turnaround Consulting (organizational recovery and optimization), Strategic Planning (market analysis and capital planning), and Partnership Opportunities (collaborative service expansion). These services are designed to work together to provide a comprehensive continuum of behavioral health and senior care solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Inpatient Behavioral Corterra develops and manages hospitals providing short-term psychiatric and cognitive health solutions designed for stabilization and treatment of older adults experiencing mental health crisis, with the goal of returning individuals to their prior level of functioning while improving psychosocial well-being.
• Psychiatric Consulting Development of psychiatric consulting platforms along with management and support services tailored to specific healthcare networks, care plans, and patient populations. Targets healthcare providers and networks seeking to fill gaps in their behavioral health continuum.
• Senior Living Comprehensive management and innovative solutions for senior living communities, addressing operational challenges, maximizing returns, and enhancing future prospects in the senior care industry. Includes operational management, financial optimization, staff recruitment and training, quality assurance, and technology integration.
• Turnaround Consulting Organizational analysis and rapid implementation services that develop goals, action strategies, and execution plans to enhance business performance or restore operations for struggling healthcare organizations.
• Strategic Planning Market analysis and financial planning services addressing capital needs, growth opportunities, and organizational value assessment with clear implementation roadmaps for healthcare organizations.
• Partnership Opportunities Strategic partnership development services that investigate new services, explore collaborative opportunities, and leverage current capabilities to support an integrated continuum of care for healthcare organizations.

Quantifiable outcome

• 70-90% of people with mental illness show significant improvement with effective treatment
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators9 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Wellpath: Wellpath (formerly Correct Care Solutions) provides behavioral health services across correctional, inpatient, and community settings, including psychiatric stabilization for vulnerable populations. It overlaps with Corterra's behavioral health service delivery model and partner-on-behalf-of strategy.
• Acadia Healthcare: Acadia operates one of the largest networks of inpatient psychiatric hospitals and residential treatment centers in the U.S., including programs serving older adults. Corterra's inpatient behavioral health model for seniors competes directly with Acadia's specialty psychiatric hospital portfolio and partnership approach.
• Sevita Health: Sevita (formerly Civitas Solutions) delivers behavioral health and senior care services across community, residential, and clinical settings. Its integrated behavioral and senior services platform closely mirrors Corterra's mix of direct care and consulting/management partnerships.
• Strategic Behavioral Health: Strategic Behavioral Health operates inpatient psychiatric hospitals with a comparable service line structure to Corterra, including geriatric behavioral health units. It is a similarly sized regional operator focused on acute psychiatric stabilization, making it a close peer in size and model.
• Brookdale Senior Living: Brookdale is the largest U.S. operator of senior living communities and is a target customer for Corterra's senior living management and consulting services. Both companies operate at the intersection of senior care delivery and operational management services.
• BrightSpring Health Services: BrightSpring provides home and community-based health services, including behavioral health and senior care, with a multi-service platform approach similar to Corterra's six-line portfolio. Both companies serve complex senior populations across provider, home, and community settings.

Broad incumbents

• Universal Health Services: UHS is a large, publicly traded hospital and behavioral health operator with extensive inpatient psychiatric capacity nationwide. Corterra's specialty geriatric behavioral health competes for similar patients and health system partnerships within UHS's behavioral health segment.
• CenterWell Senior Primary Care (Humana): CenterWell, owned by Humana, delivers integrated primary and behavioral health services to seniors, including those with mental health needs. Its senior-focused care model and payer alignment make it a credible incumbent competitor and potential partner for Corterra's geriatric behavioral health strategy.

Emerging players

• InnovAge Holding Corp. InnovAge operates the Program of All-Inclusive Care for the Elderly (PACE), serving frail seniors with integrated medical, behavioral, and social services. Its senior-focused integrated care model overlaps with Corterra's holistic approach to geriatric behavioral health and care coordination.
• Centria Healthcare: Centria provides behavioral health and applied behavior analysis services across multiple populations, including seniors, using a model that combines direct service with consulting. Its platform structure is comparable in shape, though Centria's core population skews pediatric.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/corterra-healthcare

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Corterra Healthcare