Acadia Healthcare Announces Completion of Belmont Behavioral Health Acquisition
July 01 2015 - 7:00AM
Business Wire
Enters United Kingdom Addictions Treatment
Market with Acquisition of The Manor Clinic
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today
announced that it has completed the previously announced
acquisition of Belmont Behavioral Health from not-for-profit
Einstein Healthcare Network. The acquired assets consist primarily
of an inpatient behavioral healthcare facility with 147 beds
serving the greater Philadelphia, Pennsylvania market.
In addition, Acadia announced the acquisition of The Manor
Clinic, a 15-bed residential rehabilitation facility in
Southampton, which is primarily focused on addictions
treatment.
Joey Jacobs, Chairman and Chief Executive Officer of Acadia,
remarked, “We are pleased to begin the second half of 2015 with the
completion of two acquisitions that position Acadia well in growth
markets. The completion of the Belmont Behavioral Health
transaction strengthens our presence in Pennsylvania and gives us
our first inpatient behavioral health facility in Philadelphia. It
also reflects the ongoing opportunities we have for additional
transactions with non-profit healthcare providers.
“We also welcome the outstanding team at The Manor Clinic to
Acadia. As in the U.S., the addictions treatment market in the
United Kingdom is large, growing and highly fragmented. We believe
The Manor Clinic is a wonderful opportunity through which to launch
our presence in addictions treatment in the U.K., a market that we
are confident represents a significant long-term growth opportunity
for the Company.”
About Acadia
Acadia is a provider of inpatient behavioral health services.
Acadia operates a network of 226 behavioral health facilities with
approximately 9,200 beds in 37 states, the United Kingdom and
Puerto Rico. Acadia provides psychiatric and chemical dependency
services to its patients in a variety of settings, including
inpatient psychiatric hospitals, residential treatment centers,
outpatient clinics and therapeutic school-based programs.
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version on businesswire.com: http://www.businesswire.com/news/home/20150701005065/en/
Acadia Healthcare Company, Inc.Brent Turner,
615-861-6000President
Acadia Healthcare (NASDAQ:ACHC)
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