FRANKLIN, Tenn. (AP) — Acadia Healthcare Co., a provider of inpatient behavioral health care services, said Monday that it has completed its acquisition of three inpatient psychiatric hospitals from Haven Behavioral Healthcare for $91 million in cash.
The hospitals are located in Tucson, Ariz.; Wichita Falls, Texas, and Ada, Okla. They contain a total of 166 acute inpatient psychiatric beds.
Acadia anticipates that the acquisition will add about 20 cents to 22 cents per share to its annualized earnings.
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The Franklin, Tenn.,company also said that it is expanding its senior secured credit facility by $70 million. This includes adding $25 million to the facility's term loan and adding $45 million to its revolving credit line. The facility matures April 1, 2016.
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