Old Lyme-based MedOptions, an outsourced provider of behavioral health services to skilled-nursing and assisted-living facilities, has agreed to acquire San Diego-based Vericare, the second largest behavioral health clinical care provider in the United States, the companies said this week.
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 across more than 1,500 facilities, the companies said.
The deal is expected to close late this month. Terms were not released.
MedOptions and Vericare each provide a similar behavioral care services to a primarily geriatric population. Services are provided through a team of clinicians, including a psychiatrist, clinical psychologist, specialized nurse practitioners and clinical social workers. The clinicians deliver care to patients with a range of mental health needs, including many who have cognitive or memory impairment.
MedOptions also focuses on reducing the use of antipsychotic medications that it says are often overused in the elderly population.
