Private Equity Firms See Psychiatric Hospitals as Profit Opportunities

As the share of U.S. adults receiving mental health care treatment steadily grows, for-profit companies are playing an increasingly important role. More than 40% of inpatient mental health beds were operated by for-profit entities as of 2021, according to unpublished data from Morgan Shields, an assistant professor at Washington University in St. Louis who studies quality in behavioral health…

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