Enters United Kingdom Addictions Treatment Market with Acquisition of
The Manor Clinic
FRANKLIN, Tenn.--(BUSINESS WIRE)--Jul. 1, 2015--
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
“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.”
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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Source: Acadia Healthcare Company, Inc.
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000