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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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November 27, 2015
11:08 EDTACHCAcadia Healthcare among suitors for Priory Group, Sky News reports
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