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Healthcare Business News

Acadia agrees to buy two behavioral health firms

By Paul Barr
Posted: November 27, 2012 - 12:00 pm ET

Acadia Healthcare Co., Franklin, Tenn., announced it has agreed to buy two behavioral health companies, Behavioral Centers of America for $145 million in cash and AmiCare Behavioral Centers for $113 million in cash.

Nashville-based Behavioral Centers of America operates three inpatient psychiatric facilities and one psych hospital within a hospital in Ohio, Michigan and Texas, and produced revenue of $60.5 million in the year ended Sept. 30, according to a news release from Acadia. The deal, if closed, would be Acadia's first foray into Ohio.

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Fayetteville, Ark.-based AmiCare operates four inpatient psych facilities in Arkansas that produced revenue of $61.7 million in the year ended Sept. 30, according to the release.

Both deals are expected to close in late December and are subject to customary closing conditions.

In November, Acadia had announced it purchased Park Royal Hospital, Fort Myers, Fla., for about $33.4 million in cash and assumed debt.

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