MedOptions, the nation’s largest outsourced provider of behavioral health services to skilled nursing and assisted living facilities, will acquire Vericare, the second-largest behavioral health clinical care provider in the United States.
The acquisition, scheduled to be completed in May 2016, means MedOptions will be the sole national provider of outsourced behavioral health services to long-term care facilities. The combined business will serve more than 180,000 beds across more than 1,500 facilities.
"The United States is facing an incredible need for behavioral health specialists to treat the overwhelming increase in our senior population," says Ed Mercadante, RPh, CEO of MedOptions, in a press release.
Both companies provide a similar integrated behavioral care model to deliver services for seniors with a range of mental health needs, including cognitive or memory impairment, through an interdisciplinary team of services including psychiatry, clinical psychology, specialized nursing and clinical social work.