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Acadia Healthcare to Acquire Acute Inpatient Psychiatric Facilities in Puerto Rico and Florida for $91.8M

FRANKLIN, Tenn.--(BUSINESS WIRE)--

Acadia Healthcare (NASDAQ: ACHC) today announced that it
has signed a definitive purchase agreement with Ten Broeck Tampa, Inc.
and Capestrano Investment Company, Inc. to purchase two acute inpatient
psychiatric facilities. Acadia will acquire the San Juan Capestrano
Hospital in San Juan, Puerto Rico, which is licensed for 108 beds and
has a certificate of need to build 100 additional beds. San Juan
Capestrano Hospital produced 2012 revenues of approximately $25 million.
Acadia will also acquire a 75-bed facility under construction in Tampa,
Florida. The Tampa facility is scheduled for opening in the first
quarter of 2014. Acadia expects to complete the purchase of these
facilities in the second quarter of 2013, subject to normal closing
conditions, for $91.8 million

See full press release

Posted-In: News Guidance Contracts Management M&A

 

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