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News Breaks | | | | September 4, 2012 | | 06:52 EDT |  | ACHC | Acadia Healthcare acquires Timberline Knolls for $90M
Acadia Healthcare announced the acquisition of Timberline Knolls, a 122-bed inpatient behavioral healthcare facility located near Chicago in Lemont, Illinois. Total consideration paid to purchase Timberline Knolls' operations and a related transaction to purchase the real estate was $90M in cash. Company added "In addition to bringing an outstanding staff of behavioral healthcare professionals to Acadia, we expect this transaction to be accretive to our 2012 financial results in a range of 4c-5c per diluted share. On an annualized basis, this transaction is expected to increase our earnings per share by approximately 16c per diluted share. By the end of 2012, we also expect to complete an 18-bed expansion that is currently underway at the facility. The expansion will increase the facility's total beds to 140, with additional beds planned for 2013. This transaction, which will enable us to enter our 19th state, is representative of our robust pipeline of potential transactions in the fragmented inpatient behavioral healthcare industry." | |
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News For ACHC From The Last 14 Days Check below for free stories on ACHC the last two weeks. |
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| May 14, 2013 | | 07:18 EDT |  | ACHC | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. | |
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