Western Slope psychiatric hospital at risk of closing as it faces cash crunch, CEO says

Denver Post

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Private Equity: Alden Global Capital

Western Slope psychiatric hospital at risk of closing as it faces cash crunch, CEO says

Colorado’s only psychiatric hospital west of the Front Range is in danger of closing in the coming months if it doesn’t receive a cash infusion, the head of its parent organization warns, after the facility spent its reserves trying to prove it had fixed problems flagged in state audits. West Springs Hospital, in Grand Junction, has 48 beds for inpatient treatment of mental illnesses and substance use disorders, and is one of only 11 behavioral …