SNF behavioral health provider buys Vericare
MedOptions, which is the largest outsourcing provider of behavioral health services to skilled nursing facilities, has entered into an agreement to buy San Diego-based Vericare, the second largest behavioral health clinical care provider in the United States.
The combined business will be the sole national provider of outsourced behavioral health services to long-term care facilities and will serve more than 180,000 beds in roughly 1,500 facilities.
A MedOptions team of clinicians includes a psychiatrist (M.D.), clinical psychologist (Ph.D.), specialized nurse practitioners (APRN) and clinical social workers (LCSW).
The company focuses on clinical care maps that focus on reducing the use of antipsychotic medications, and also wants to help reduce hospital readmissions.
The transaction is scheduled to be completed in the latter part of this month.