Acadia Healthcare Company, Inc. (NASDAQ:ACHC): Acquisition of Three Psychiatric Hospitals
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) announced that it has signed a definitive agreement to acquire three inpatient psychiatric hospitals from Haven Behavioral Healthcare for $91 million in cash. H3GM served as legal council to Acadia in the transaction. The facilities are located in Tucson, Arizona, Wichita Falls, Texas, and Ada, Oklahoma.
About Acadia
Acadia is a provider of inpatient behavioral health care services. Acadia operates a network of 29 behavioral health facilities with approximately 1,970 licensed beds in 18 states. 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.
