Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the Company has completed the acquisition of CenterPointe Behavioral Health System, the largest dedicated behavioral healthcare provider in the state of Missouri. The acquired assets consist of four inpatient hospitals with 260 acute care beds and 46 specialty beds for substance use and 10 outpatient locations. CenterPointe operates behavioral health networks through regional hubs in St. Louis, Kansas City and Columbia. Acadia funded the acquisition through a combination of cash on hand and borrowings under the Company’s revolving credit facility.
Commenting on the announcement, Debbie Osteen, Chief Executive Officer of Acadia Healthcare, stated, "The acquisition of CenterPointe provides a unique opportunity for Acadia to extend our footprint in high growth markets. This transaction aligns with our growth strategy to expand our operations through select acquisitions that meet the criteria of our disciplined capital allocation framework. As a certificate of need state, Missouri is an attractive market for an acquisition transaction."
https://finance.yahoo.com/news/acadia-healthcare-announces-acquisition-centerpointe-210500827.html
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