Menninger Clinic finds new home. Lucrative partners draw psychiatric institution to greener pastures in Houston

Abstract

The Menninger Clinic has found a new home. Two lucrative partners in late September lured the renowned psychiatric clinic away from its roots in Topeka, Kan., to financially greener pastures on the sprawling campus of Texas Medical Center in Houston. The 143-bed clinic has faced dwindling revenue and increasing costs, resulting from a confluence of factors such as a fall in government reimbursement and the rise of managed care.