Once a long-term care facility on Bonito Way in Meridian closes, it will be revamped into a new 72-bed psychiatric care facility owned by Haven Behavioral Healthcare of Nashville, TN.
Earlier this week, BoiseDev reported Vibra Hospital in Meridian would move to Boise and replace the Southwestern Idaho Advanced Care facility on Franklin Rd.
Lender MedEquities says Haven will pay $7.7 million to purchase the current hospital and spend $11.3 million to remodel and upgrade the facility for use as a psych hospital. The news release does not specifically list the soon-to-be vacated Vibra facility, but two sources confirmed the plans to BoiseDev.com.
MedEquities said the new hospital will be aligned with Sage Healthcare - a large psychiatric physician group in the area.
This will be Haven's seventh for-profit psych hospital, joining buildings in Arizona, New Mexico, Ohio, Pennsylvania and Texas.
The consolidation of the Vibra Meridian hospital and Boise Southwest Idaho Advanced Care facility will result in more than 130 job cuts, according to filings with the State of Idaho.