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Heartland Health Development

Arlington, Texas, United States

Ownership: Private
Development stage: Other

Overview

Heartland Health Development was a healthcare services company focused on the acquisition, development, and operation of psychiatric hospitals and behavioral health facilities. Founded by Dr. Richard A. Kresch, the company built a multi-state network of specialized hospitals providing inpatient and outpatient psychiatric care. In June 2004, Heartland Health Development was acquired by Psychiatric Solutions, Inc. (PSI) for approximately $50 million. The company's leadership team subsequently founded Ascend Health Corporation, further expanding their footprint in the behavioral healthcare industry.

Therapeutic areas: Psychiatry
Industry: Non-Academic Healthcare

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