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Acadia Healthcare Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) today announced financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) today announced financial results for the fourth quarter and year ended December 31, 2023.
  • Chris Hunter, Chief Executive Officer of Acadia, remarked, “Our fourth quarter performance capped off another outstanding year for Acadia.
  • During the fourth quarter of 2023 and into the first quarter of 2024, the Company continued to make progress in meeting its strategic growth objectives with the following accomplishments across its five defined growth pathways:
    Facility Expansions – Added 98 beds to existing facilities in the fourth quarter, for a total of 302 new beds added in 2023.
  • Extend Continuum of Care – Expanded treatment options by adding 13 outpatient programs during the fourth quarter, bringing Acadia’s total to 39 outpatient programs added during 2023.

ChristianaCare Announces Partnership with Emerus Holdings Inc. to Build and Operate Three Neighborhood Hospitals in Southeastern Pennsylvania

Retrieved on: 
Tuesday, February 27, 2024

That’s the vision ChristianaCare and its partner, Emerus Holdings Inc., have for three neighborhood hospitals they will open in Pennsylvania in 2025.

Key Points: 
  • That’s the vision ChristianaCare and its partner, Emerus Holdings Inc., have for three neighborhood hospitals they will open in Pennsylvania in 2025.
  • Together, the three neighborhood hospitals represent a new layer of care coming to southeastern Pennsylvania.
  • ChristianaCare has partnered with Emerus Holdings Inc ., the nation’s leading developer of neighborhood hospitals (also referred to as micro-hospitals), to develop and operate the three neighborhood hospitals.
  • “We are proud to partner with ChristianaCare, one of the nation’s leading health care systems,” said Emerus CEO Vic Schmerbeck.

Tochtech Technologies Adds Trellis Seniors to Its Portfolio of Sleepsense Clients

Retrieved on: 
Wednesday, February 21, 2024

Tochtech Technologies is pleased to announce the company has added Trellis Seniors to its growing portfolio of Toch Sleepsense clients.

Key Points: 
  • Tochtech Technologies is pleased to announce the company has added Trellis Seniors to its growing portfolio of Toch Sleepsense clients.
  • Trellis’ decision to adopt Sleepsense for all their beds, is a significant milestone in the growth of Tochtech’s Sleepsense client community.
  • “We are honoured to work with Trellis Seniors, and we are confident that Sleepsense will help Trellis Seniors achieve its goals in enhancing quality of care for residents,” said Jessica Yang, CEO of Tochtech.
  • Mary McDougall, CEO of Trellis Seniors, expressed enthusiasm for the organization's investment in Sleepsense, "At Trellis Seniors, our foremost priority is the well-being of the residents we serve.

Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results

Retrieved on: 
Wednesday, February 21, 2024

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.
  • Medical Properties Trust has total assets of approximately $18.3 billion, including $12.0 billion of general acute facilities, $2.6 billion of behavioral health facilities and $1.7 billion of post-acute facilities.
  • Net loss for the quarter ended December 31, 2023 included several non-recurring write-offs and impairments detailed in the tables below.
  • These adjustments as they relate to fourth quarter and full-year 2023, as well as prior-year reporting, are included in this release and in the earnings supplemental.

GCC Emerges as Leader in Elevators & Escalators Market with Projected 32.7 Thousand New Installations by 2029; Kuwait to Witness Surge to 862 Units - Arizton

Retrieved on: 
Thursday, March 7, 2024

The Ministry of Public Works and the Public Authority for Housing Welfare have planned multiple projects and buildings nationwide.

Key Points: 
  • The Ministry of Public Works and the Public Authority for Housing Welfare have planned multiple projects and buildings nationwide.
  • Jaber Al Ahmad, West Abdullah Al Mubarak, and East Taima are significant centers for the upcoming smart homes and multiple public place projects.
  • Parks, public transportation, and other amenities will make people's life easy with sustainability in focus.
  • What is the number of installed bases in the Kuwait elevator and escalator market in 2023?

GCC Emerges as Leader in Elevators & Escalators Market with Projected 32.7 Thousand New Installations by 2029; Kuwait to Witness Surge to 862 Units - Arizton

Retrieved on: 
Thursday, March 7, 2024

The Ministry of Public Works and the Public Authority for Housing Welfare have planned multiple projects and buildings nationwide.

Key Points: 
  • The Ministry of Public Works and the Public Authority for Housing Welfare have planned multiple projects and buildings nationwide.
  • Jaber Al Ahmad, West Abdullah Al Mubarak, and East Taima are significant centers for the upcoming smart homes and multiple public place projects.
  • Parks, public transportation, and other amenities will make people's life easy with sustainability in focus.
  • What is the number of installed bases in the Kuwait elevator and escalator market in 2023?

SkinCure Oncology Unveils New Skin Cancer Treatment Technology at American Academy of Dermatology Annual Meeting in San Diego March 8-12 Booth 3555

Retrieved on: 
Thursday, March 7, 2024

Reflective confocal microscopy, or RCM, will provide high resolution imaging of the epidermis, to a depth of 200 microns, for cellular level visualization of skin cancer lesions.

Key Points: 
  • Reflective confocal microscopy, or RCM, will provide high resolution imaging of the epidermis, to a depth of 200 microns, for cellular level visualization of skin cancer lesions.
  • Brandt noted, "Mohs micrographic surgery has been the gold standard of care for the treatment of nonmelanoma skin cancer (NMSC) for more than 50 years.
  • "SkinCure Oncology," Brandt continued, "is helping dermatologists nationwide implement the GentleCure Experience – an advanced, noninvasive treatment for NMSC.
  • The new devices will feature technology for which SkinCure Oncology was recently awarded U.S. patent coverage.

Addressing New York's Youth Mental Health Crisis, Montefiore Announces Plans for New Pediatric Inpatient Psychiatry Unit

Retrieved on: 
Wednesday, March 6, 2024

BRONX, N.Y., March 6, 2024 /PRNewswire/ -- Montefiore today announced plans for a new pediatric inpatient psychiatry unit adding a new care option to address the unmet urgent behavioral and mental health needs of children and adolescents in the Bronx. The Montefiore Einstein Center for Children's Mental Health of the Children's Hospital at Montefiore Einstein will be funded in part by a nearly $6 million appropriation to Montefiore spearheaded by New York State Assembly Speaker Carl Heastie and Assembly Member Michael Benedetto. The 21-bed child and adolescent unit will be located within the New York City Children's Center (NYCCC) campus adjacent to the Albert Einstein College of Medicine and will serve as a model for urban pediatric inpatient psychiatric services. The new program will physically and programmatically extend the capacity of CHAM to provide a full range of medical and behavioral health services for youth in the region. The proposed center will be designed to provide best-in-class intensive treatment for youth with serious behavioral health conditions including severe depression, anxiety, trauma, suicidal thoughts, psychosis and other acute psychiatric conditions.

Key Points: 
  • BRONX, N.Y., March 6, 2024 /PRNewswire/ -- Montefiore today announced plans for a new pediatric inpatient psychiatry unit adding a new care option to address the unmet urgent behavioral and mental health needs of children and adolescents in the Bronx.
  • The new program will physically and programmatically extend the capacity of CHAM to provide a full range of medical and behavioral health services for youth in the region.
  • As a leading health system in New York renowned for delivering exceptional care, I am confident that Montefiore will exceed in tackling mental health disparities with the new pediatric psychiatry unit," said New York State Assembly Speaker Carl Heastie.
  • The Montefiore pediatric psychiatry unit will provide 24/7 best-in-class care and access to comprehensive evaluation and care administered by mental health professionals expert in pediatric psychiatry.

TVM Capital Healthcare Announces the Opening of Baraya Extended Care's First Outpatient Rehabilitation Clinic in Riyadh

Retrieved on: 
Wednesday, March 6, 2024

RIYADH, Saudi Arabia, March 6, 2024 /PRNewswire/ -- Baraya Extended Care KSA has launched its first rehabilitation outpatient clinic in Riyadh, Saudi Arabia, offering physical, occupational, speech and language therapy, plus advanced and intensive rehabilitation services. The clinic has the capacity to provide 3,000 rehabilitation sessions per month.

Key Points: 
  • Consequently, this area has been identified as a key priority of Vision 2030 to enhance the healthcare sector.
  • Baraya is a portfolio company of TVM Capital Healthcare's new fund in KSA, a highly specialised global healthcare investment firm operating in the Middle East since 2009.
  • Othman Abahussein, TVM Capital Healthcare Saudi Operating Partner, concluded: "Baraya emerges as a transformative initiative developed by TVM Capital Healthcare.
  • As a leading provider of rehabilitation and long-term care services, Baraya Extended Care addresses critical gaps within the healthcare sector, ensuring that every individual receives the care they deserve.

TVM Capital Healthcare Announces the Opening of Baraya Extended Care's First Outpatient Rehabilitation Clinic in Riyadh

Retrieved on: 
Wednesday, March 6, 2024

RIYADH, Saudi Arabia, March 6, 2024 /PRNewswire/ -- Baraya Extended Care KSA has launched its first rehabilitation outpatient clinic in Riyadh, Saudi Arabia, offering physical, occupational, speech and language therapy, plus advanced and intensive rehabilitation services. The clinic has the capacity to provide 3,000 rehabilitation sessions per month.

Key Points: 
  • Consequently, this area has been identified as a key priority of Vision 2030 to enhance the healthcare sector.
  • Baraya is a portfolio company of TVM Capital Healthcare's new fund in KSA, a highly specialised global healthcare investment firm operating in the Middle East since 2009.
  • Othman Abahussein, TVM Capital Healthcare Saudi Operating Partner, concluded: "Baraya emerges as a transformative initiative developed by TVM Capital Healthcare.
  • As a leading provider of rehabilitation and long-term care services, Baraya Extended Care addresses critical gaps within the healthcare sector, ensuring that every individual receives the care they deserve.