Acadia Healthcare Acquires Greenleaf Center
FRANKLIN, Tenn.--(BUSINESS WIRE)--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) announced the purchase of Greenleaf Center, a 50-bed acute inpatient psychiatric facility in Valdosta, GA. Acadia purchased the facility in a transaction that was completed January 1, 2013, from South Georgia Medical Center, a non-profit health system.
“We are pleased to begin 2013 with the purchase of a high quality acute inpatient psychiatric facility,” commented Joey Jacobs, Chairman and Chief Executive Officer of Acadia. “We welcome the experienced and professional staff of Greenleaf Center to the Acadia team, and we expect that, with annual revenues of approximately $7 million, this facility will have an accretive impact on our 2013 earnings per share. In addition, this transaction is our first with a non-profit healthcare organization. We believe the non-profit segment of the healthcare industry has the potential to be a meaningful source of additional acquisition opportunities.”
Acadia is a provider of inpatient behavioral healthcare services. Acadia operates a network of 43 behavioral health facilities with over 3,200 licensed beds in 21 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.