Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Acadia Healthcare to Expand With $258 Million in Acquisitions

Inpatient behavioral health care provider Acadia Healthcare Company (Nasdaq: ACHC  ) has announced agreements to buy Nashville-based Behavioral Centers of America, LLC, and Fayetteville, Ark.-based AmiCare Behavioral Centers for a combined $258 million.

The acquisitions will give Franklin, Tenn.-based Acadia a presence in Ohio for the first time, expanding the company's business into now 21 states. Together, the two companies bring with them eight inpatient psychiatric facilities with 600 beds, and more than $122 million in annual revenues. Thus, Acadia is paying 2.1 times sales for the acquisitions, a significant discount to the 2.5 times sales that its own shares fetch on the market today.

Both acquisitions are slated to close late next month. Acadia says it is evaluating how to fund the purchases.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2129022, ~/Articles/ArticleHandler.aspx, 3/29/2015 8:03:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!