Psychiatric care group to fill Hospital Road facility
by Clay Neely
Vest Newnan, LLC, has filed a certificate of need with the state of Georgia to use the vacant former Coweta General hospital facilities, according to a state official.
The hospital campus at 60 Hospital Road on Newnan’s west side was most recently the home of Piedmont Newnan Hospital before it moved to new facilities on Poplar Road.
Vest Newnan’s parent company is US HealthVest, LLC, according to Pamela A. Keene, media and public relations manager for Georgia Department of Community Health.
US HealthVest provides specialized psychiatric care services, including substance abuse treatment, through inpatient and outpatient programs. The company is based in the United States.
Last March, US HealthVest announced that it had raised $36 million through co-founders Richard Kresch, MD and Polaris Partners to acquire and develop psychiatric facilities with a focus on specialized, high-quality patient care.
US HealthVest president and CEO is Richard Kresch, who previously led Ascend Health, one of the largest private psychiatric hospital providers in the United States.
Before its acquisition in 2012, Polaris-backed Ascend Health operated nine freestanding behavioral health facilities with nearly 900 beds.
“The need for quality psychiatric care is increasing rapidly. US HealthVest has the experience and resources to expand access to care by developing new facilities and acquiring existing facilities with untapped potential,” Kresch said in a recent press release.
“Through our past work, we have developed a strong reputation for working closely with local communities to meet unmet needs by creating important and impactful patient-focused facilities,” he said.