Philadelphia facility among Acadia acquisitions
Behavioral-health company Acadia Healthcare has announced three acquisitions, two of which are overseas.
In the U.S., Acadia purchased the assets of Belmont Behavioral Health, including a 147-bed inpatient behavioral-health facility in Philadelphia from the not-for-profit Einstein Healthcare Network. In the United Kingdom, Acadia purchased the behavioralhealth operations of Care UK, which include 15 inpatient facilities with about 300 beds. It also acquired a 42bed inpatient facility from Choice Lifestyles, another U.K. provider.
Franklin, Tenn.-based Acadia paid about $145 million for the three facilities, which in total generated about $82 million in revenue in 2014. The U.K. deals were completed June 1, and the Belmont purchase is expected to close July 1.
Acadia’s international play comes after competitor Universal Health Services spent $335 million last fall to buy Cygnet Health Care, a company with 15 inpatient behavioral-health facilities and two nursing homes in the U.K. Acadia already operates 29 hospitals in the U.K.