US HealthVest (USHV), a developer and operator of behavioral health facilities, secured $50m in Series B funding round.
The round was led by Oak HC/FT, with participation from founding investors Polaris Partners, F-Prime Capital Partners and Richard A. Kresch, M.D.
The company intends to use the funds to further expand its coverage.
Founded in 2013 by Richard A. Kresch, M.D., President & CEO, formerly Founder & CEO of Ascend Health Corporation and Heartland Health Developments, US HealthVest operates Chicago Behavioral Hospital and is developing hospitals near Atlanta and Seattle. Accredited by The Joint Commission, the company’s hospitals provide specialized psychiatric care to patients with a full range of inpatient, partial hospitalization, intensive outpatient, medication management, residential treatment and academic programs for children, adolescents, adults and seniors.