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

Backup Power Is a Lifeline: What Healthcare Facility Managers Must Get Right

From compliance and patient safety to community resilience, facility managers must prioritize preventive maintenance, training and technology to ensure uninterrupted power.


3 Pillars of Stronger Cybersecurity in Healthcare

These strategies can help healthcare facilities stay ahead of evolving cyber threats.


Piedmont Fayette Hospital to Build New Patient Tower

The renovation and expansion project will extend to other areas of the hospital, including surgical services, kitchen, lab, pharmacy and more.


Texas HHSC Announces Construction of New Lubbock Psychiatric Center

The hospital is designed with the latest mental healthcare standards in mind to promote recovery and healing.


Armed Standoff at West Virginia Hospital Reminds of the Need for Safety Measures

The alleged suspect, who's now in custody, was also linked to earlier bomb threats.


 
 


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.