Join, Follow & Connect

Healthcare Business News

Acadia buys psychiatric hospital in Fla.

By Paul Barr

Posted: November 13, 2012 - 9:30 am ET

Tags:

Acadia Healthcare Co., Brentwood, Tenn., announced it has purchased Park Royal Hospital, Fort Myers, Fla., for about $33.4 million in cash and assumed debt.

The 76-bed psychiatric hospital, which opened in March, can be expanded to 114 beds within the existing building, according to an Acadia news release.

Advertisement | View Media Kit

Acadia operates 34 behavioral-health facilities and wants to continue to buy more. “We are … continuing to evaluate additional acquisition opportunities in the fragmented inpatient behavioral health industry,” said Joey Jacobs, chairman and CEO of Acadia, in the release.

In September, Acadia bought inpatient behavioral-health facility Timberline Knolls, Lemont, Ill., for $90 million in cash.

Today's Headlines

Slower growth in obesity rate could be sign policies are working No 'rate shock' from ACA seen in new filings from health insurers Interfaith and Brooklyn Hospital merger unravels Republicans say reports prove ACA implementation is in trouble, but others not convinced

More Headlines

What do you think?

Share your opinion. Send a letter to the Editor or Post a comment below.

Loading comments...

This Week's Issue

June 17, 2013

Table of Contents
Digital Edition
Subscribe

Hospitals concerned about impact of cost-sharing As technology improves, list of transplant seekers grows Editorial: Fears increase as healthcare reform nears Largest revenue-cycle management firms

Most Requested Articles

Expert warns of flawed price transparency effort FDA shifts toward informed consent for fecal transplants Campaign aims to educate uninsured about ACA coverage options Focus on outcomes, Berwick tells HFMA Shifting burdens

Most Recent Research

Largest revenue-cycle management firms Modern Healthcare's 12th annual association salary report Largest national healthcare associations Largest military hospitals Largest children's hospitals

Submit, Nominate & Register

Survey of Executive Opinions on Purchasing Now accepting Up & Comers nominations Accountable Care Organizations Survey Design Awards nominations sought Community Leadership Award nominations sought Looking for Healthcare's Hottest

Search ModernHealthcare.com:

Crain Publications

Switch to the new Modern Healthcare Daily News app

For the best experience of ModernHealthcare.com on your iPad, switch to the new Modern Healthcare app — it's optimized for your device but there is no need to download.

Do not show this message again