Public Company Proposes New Hospital In Miami-Dade
An affiliate of Acadia Healthcare filed a letter of intent with state officials to establish a new hospital in Miami-Dade County.
The Florida Agency for Health Care Administration received the letter of intent from South Florida Behavioral Health LLC, an affiliate of Franklin, Tennessee-based Acadia Healthcare (Nasdaq: ACHC), for a 104-bed adult inpatient psychiatric hospital. The applicant doesn’t have to specify the location of the hospital within the county until later in the certificate of need application process.
Acadia Healthcare Chief Development Officer Steven T. Davidson, who signed the letter of intent, couldn’t immediately be reached for comment. The company owns 568 facilities that treat addiction and behavioral health problems in 39 states, Puerto Rico and the United Kingdom. Its only South Florida location is the Wellness Resource Center in Boca Raton.
Under the certificate of need process, AHCA determines whether there is sufficient demand for a new hospital and whether the applicant has a suitable plan. Acadia Healthcare’s application is due March 8. The agency would issue its decision on June 2.