“…doctor and entrepreneur Richard Kresch has announced he will launch his third company to acquire or start up short-stay mental-health facilities that take a different approach to treating acute mental problems.
“Kresch’s last company, Ascend Health, grew to be the country’s largest private psychiatric hospital company before it was acquired last year by Universal Health Services for more than $500 million. He spoke with VentureWire about his newest company, US HealthVest, which has launched with $36 million from Polaris Partners, Fidelity Biosciences and other investors.”
More here…..
http://finance.yahoo.com/news/us-healthvest-gains-36-million-140000274.html
My favorite quotes from this piece:
“Through our past work, we have developed a strong reputation for working closely with local communities to meet unmet needs by creating important and impactful patient-focused facilities.”
“Polaris Partners is excited to back Richard and his strong team again as they make important contributions in this area of great need.”
Worst Hospitals In America: UBH / Mayhill 