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News Breaks
January 6, 2014
07:10 EDTACHCAcadia Healthcare acquires inpatient psychiatric facilities
Acadia Healthcare announced the acquisition of inpatient psychiatric facilities in Seattle, Washington, and Riverside, California. Effective, December 1, 2013, the company completed the purchase of an acute inpatient psychiatric facility from Highline Medical Center. The facility was purchased for $20M in cash. Acadia is adding 22 inpatient psychiatric beds in a unit that had not been in use and will transition an additional 50 beds to inpatient psychiatric beds from other uses upon the expiration of third-party provider leases at the end of 2014. Acadia also purchased the Riverside Center for Behavioral Medicine. Consideration for this purchase was $10.5M in cash. The company said, "We expect to produce adjusted income from continuing operations per diluted share in a range of 28c-29c in the fourth quarter as our strong consolidated operating performance should offset the short-term impact of these facilities on our profitability, and as a result, we affirm our established guidance for 2013 adjusted income from continuing operations in a range of $1.06-$1.07 per diluted share.
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January 23, 2015
12:52 EDTACHCJPMorgan reports 5.7% passive stake in Acadia
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January 16, 2015
10:47 EDTACHCBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.

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