Market Overview

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

Acadia Healthcare (NASDAQ: 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

See full press release

Posted-In: News Guidance Contracts Management Global

 

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