Behavioral health provider Acadia Healthcare Co., Nashville, purchased Youth & Family Centered Services, Austin, Texas, an operator of 13 behavioral healthcare facilities for youths and adolescents across eight states, for an undisclosed amount.
Acadia buys Youth & Family Centered Services
Acadia and YFCS together would generate revenue of more than $260 million and will operate more than 1,700 patient beds, according to a news release from Waud Capital Partners, Chicago, a private equity investor that owns Acadia.
Last month, Waud Capital Partners announced it had named a new CEO at Acadia, Joey Jacobs, who was chairman, president and CEO of Psychiatric Solutions, Franklin, Tenn., until it was purchased last year by Universal Health Services, King of Prussia, Pa. Also joining Acadia at that time were other former Psychiatric Solutions executives, including Brent Turner, who will serve as co-president alongside former Acadia CEO Trey Carter; Ron Fincher, who was named chief operating officer; Jack Polson, who was appointed chief financial officer; and Chris Howard, who will serve as general counsel, according to a Waud news release. Karen Prince, former Acadia COO, was named president of Acadia's Eastern Division.
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