About 14% Of U.S. Psychiatric Hospitals Participating In Medicare Were Owned By Private Equity In 2021

Of the 617 freestanding psychiatric hospitals in the United States that participated in Medicare in 2021, 14% (87 hospitals) were owned by private equity (PE) investors, according to a recent study. The PE-owned psychiatric hospitals had 4,660 beds, representing 6.30% of all psychiatric hospital beds, according to calculations in the study, and 44 were located in three states: Texas (19 hospitals), Louisiana (16 hospitals), and Ohio (9 hospitals). In New Mexico, three of the four psychiatric hospitals were PE-owned. In Louisiana, 16 of its 42 psychiatric hospitals were PE-owned. In Texas, 19 of the state . . .