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Billionaire Opens New Mental Health Clinic In Colorado To Treat Veterans And Their Families

May 13, 2018

A new mental health clinic for veterans funded by one of the nation's wealthiest men will officially open in Colorado on Monday.

The Cohen Veterans Network is the charitable project of Steven A. Cohen, a former hedge fund titan with an estimated net worth of $11 billion.

In 2016, Cohen pledged $275 million to build a network of veterans clinics across the country. So far, Cohen has opened 12 clinics in military towns and major cities, including the new location in Denver.

"Every day, many veterans and their families are living with the mental and physical scars from serving their country during military service. The Cohen Veterans Network, a not-for-profit philanthropic organization, was created to serve them by providing high-quality, accessible, and integrated mental health care," the CVN website states.

The clinics serve all post-9/11 veterans, regardless of whether they were honorably discharged or not. The clinics also provide services to veterans' family members or other people - such as girlfriends or boyfriends - whom the veterans identify as caregivers.

Services are provided free of charge to people without insurance. Those with insurance can access care for only the cost of a copay — usually just a few dollars.

The new clinic hopes to serve 500 to 1,000 patients in its first year.