US HealthVest

Health System with 7 hospitals across 4 states

Health System Overview

Health SystemUS HealthVest
Total Hospitals7
Commercial/Acute Hospitals0
Total Beds980
Commercial/Acute Beds0
HeadquartersWaukegan, IL
Websiteushealthvest.com

Hospitals by Type

Psychiatric
7 hospitals
100% of health system

Teaching Status

14%
Teaching
Teaching Hospitals: 1
Non-Teaching Hospitals: 6
Teaching hospitals serve as educational institutions for medical professionals while providing patient care.

Hospital Locations

Hospitals in this Health System

HospitalTypeBedsTeachingRecently Joined
Ridgeview InstitutePsychiatric148YesNo
Ridgeview Institute MonroePsychiatric 70NoNo
Chicago Behavioral HospitalPsychiatric125NoNo
Lake Behavioral HospitalPsychiatric386NoNo
Hendricks Behavioral HospitalPsychiatric 28NoNo
Smokey Point Behavioral HospitalPsychiatric115NoNo
South Sound Behavioral HospitalPsychiatric108NoNo

Recent News

No recent news available for this health system.

Executive Leadership

Richard Kresch

CEO / President

Dr. Richard Kresch, the Founder, Chief Executive Officer, and President of US HealthVest, is a psychiatrist and a serial entrepreneur in the behavioral health sector with over 30 years of experience. He holds a Doctor of Medicine (MD) from New York Medical College and a Bachelor of Arts (BA) from the University of Virginia. Before founding US HealthVest in 2013, Dr. Kresch founded and led Ascend Health Corporation, which became the largest privately-held psychiatric hospital company before its sale to Universal Health Services in 2012. Prior to that, he founded Heartland Health Developments, a psychiatric care provider that was sold to Psychiatric Solutions in 2004. US HealthVest develops psychiatric hospitals and specializes in joint venture projects with medical-surgical hospitals and the acquisition of underperforming facilities.

Veronica Hughes

Chief Nursing Officer

Veronica Hughes is the Chief Nursing Officer at US HealthVest, where she started in September 2018. She is based in the Greater Chicago Area. In a 2020 article, she discussed her motivation for becoming a nurse, citing an interest in the medical field and the reward of helping others at their time of greatest need. She also highlighted the critical role of nurses in behavioral health, particularly in advocating for patients who may be unable to advocate for themselves. Hughes has been recognized as a prominent woman leader in the healthcare and biotech sectors.