Acadia Healthcare to Purchase Behavioral Centers of America for $145M in Cash

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Acadia Healthcare
ACHC
today announced two agreements to purchase an aggregate of eight inpatient psychiatric facilities with approximately 600 beds. The Company has agreed to purchase Behavioral Centers of America, LLC, which is headquartered in Nashville, TN, for total consideration of $145 million in cash. BCA operates three inpatient psychiatric facilities and one psychiatric hospital within a hospital. The facilities are located in Ohio, Michigan and Texas and have 278 licensed inpatient beds, over 90% of which are acute inpatient beds. The facilities produced revenues of $60.5 million for the twelve months ended September 30, 2012. Acadia expects to complete the transaction, which is subject to customary closing conditions, in late December
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Posted In: NewsGuidanceContractsManagementGlobal
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