Elm Creek Partners is pleased to announce that it co-sponsored an investment in Acute Behavioral Health, Inc. which subsequently completed the acquisition of Hallmark Youthcare, the largest short-term residential treatment program in the commonwealth of Virginia. The acquired assets consist of 82 inpatient beds for young people with behavioral and mental health needs.
Commenting on the announcement, Mike McCulla, Chief Executive Officer of Acute Behavioral Health, stated, “The acquisition of Hallmark provides a unique opportunity for Acute Behavioral Health to expand its footprint in Virginia. Hallmark’s 46-year history of providing quality care and services focused on reuniting patients with their families aligns well with ABH’s development vision and operating model. This transaction will enable Hallmark to continue to provide much needed mental health services to young people and marks the beginning of exploring new ways of helping young people with behavioral and mental health challenges to remain at home with their families.“
“We also welcome Hallmark’s dedicated clinical and support staff to Acute Behavioral Health, and we look forward to a smooth integration of our operations. We share a common culture focused on compassionate, patient-centered care. Together, we will focus on our primary objective to reach more patients and meet the critical demand for behavioral health services for young people in Virginia,” added McCulla