ACT FAST: Connect Healthcare Real Estate is happening SOON!
9/27 + 9/28 | VEA Marriott Hotel | Newport Beach, CA

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Seattle & Northwest  + Washington  + Healthcare  | 

State of Washington Acquires Shuttered Acadia Healthcare Facility for $30M

Washington state officials bought a recently shuttered for-profit psychiatric hospital in Tukwila, as part of an ongoing drive to increase the state’s struggling mental health system.

Funding for the $29.9 million purchase comes out of the state Department of Social and Health Service’s current budget. The purchase of the 118-bed Cascade Behavioral Health facility, which closed several weeks ago, will prevent the loss of more treatment beds amid a long-running shortage of psychiatric treatment options.

The facility’s CEO told state regulators in a mass-layoff notice before closing the hospital, that its business was no longer sustainable after the onset of the pandemic. It was owned by the Tennessee-based company Acadia Healthcare.

The purchase comes as Governor Jay Inslee’s administration continues to struggle to reshape and expand capacity in Washington’s long-troubled mental-health system. State regulators will not open the facility at the same capacity nor to the same patient population.


Inside The Story

State of Washington

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.