South Bend-based NeuroPsychiatric Hospitals has received an undisclosed investment from Enhanced Healthcare Partners, a private equity firm headquartered in New York. NPH says it will use the funding for expansion efforts, which include plans to open new hospitals in Arizona and Texas.
NPH says it provides healthcare for patients with acute psychiatric disorders and complex medical and neurological disorders. The company currently has multiple locations in Indiana.
“We are excited to partner with EHP as we accelerate our growth and expansion efforts. EHP has deep experience scaling healthcare organizations that have demonstrated the ability to care for highly acute patient populations, which aligns with our core mission,” Dr. Cameron Gilbert, founder and chief executive officer of NPH, said in a news release. “We see the ability to continue to improve patient care and reduce hospital re-admissions, while geographically expanding our company’s reach.”
Both EHP and NPH say plans are in place to further expand throughout the country. NPH did not specify whether any new jobs would be created as a result of the investment.