Acadia Healthcare announces agreement to purchase inpatient psychiatric facility in Florida


FRANKLIN, Tenn.—Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive agreement for the purchase of The Refuge, a Healing Place, an inpatient psychiatric facility near Ocala, Florida licensed for 85 beds. The Company expects to complete the purchase of the facility, which produced revenues for 2012 of approximately $10 million, during the third quarter of 2013, subject to normal closing conditions.

“We are pleased with our agreement to purchase this high quality specialty inpatient psychiatric facility, which is the second transaction we have announced in Florida in 2013,” said Joey Jacobs, Chairman and Chief Executive Officer of Acadia. “Consistent with our ongoing acquisition strategy, we expect this transaction to be accretive to our financial results and to represent a long-term growth opportunity for Acadia.”

Judy Crane, founder and executive director of The Refuge, added, “We are excited about the possibilities that Acadia brings to The Refuge. With Acadia’s support and resources, The Refuge will further develop our extraordinary work of healing and enriching the lives of trauma survivors and their families. We will continue to provide exceptional treatment in substance abuse, detox and process addictions with our dedicated staff.”

 

About Acadia

Acadia is a provider of inpatient behavioral healthcare services. Acadia operates a network of 46 behavioral healthcare facilities with approximately 3,700 licensed beds in 21 states and Puerto Rico. Acadia provides psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs.

 

 



June 21, 2013


Topic Area: Press Release


Recent Posts

How Efficiency Checklists Help Hospitals Save Energy, Water and Money

Keith Edgerton explains how a simple, systematic tool can help healthcare facilities identify savings, support sustainability goals and reinvest in long-term decarbonization.


Designing with Heart: Seen Health Center Blends Cultural Warmth and Clinical Care

Case study: The Alhambra-based facility uses Wilsonart Woodgrains to create a space where comfort, tradition and durability come together for an elevated senior care experience.


Rutgers Health and University Hospital Breaks Ground on Campus Expansion

The groundbreaking follows the long-awaited demolition of administrative offices built in the 1970s.


What to Consider When Modernizing Healthcare Facilities

While there has been a call to preserve old buildings, healthcare facilities need to weigh the options of patient care.


Corewell Health Beaumont Troy Hospital to Build New Tower

The tower is expected to be completed in 2030.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.