Acadia Healthcare to acquire eight inpatients psychiatric facilities

Acadia Healthcare 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, which is headquartered in Nashville, TN, for total consideration of $145M 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 $60.5M for the twelve months ended September 30. Acadia expects to complete the transaction, which is subject to customary closing conditions, in late December. The Company also has agreed to acquire AmiCare Behavioral Centers, headquartered in Fayetteville, AR, for total consideration of $113M in cash.