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Acadia Healthcare Announces the Acquisition of Six Inpatient Behavioral Health Facilities with 149 Beds in the United Kingdom

FRANKLIN, Tenn.--(BUSINESS WIRE)--Sep. 2, 2015-- Acadia Healthcare Company, Inc. (Nasdaq: ACHC) today announced that it has completed three acquisitions in the United Kingdom, bringing a total of six inpatient behavioral health facilities with 149 beds to Partnerships in Care (PiC), the Company’s U.K. operation. These facilities generate approximately $35 million in annual revenue and are expected to contribute $0.04 to $0.05 per diluted share in annual accretion. With the completion of these transactions, PiC now operates 52 inpatient facilities with over 2,000 beds.

Joey Jacobs, Chairman and Chief Executive Officer of Acadia, commented, “We remain very pleased with the progress of our business in the United Kingdom. These latest acquisitions demonstrate the ongoing potential we have to expand geographically in the U.K. and through the expansion of our services as we consolidate care pathways. We will continue to evaluate additional acquisition opportunities in the U.K. and grow organically within our existing facilities by, among other things, adding new beds to meet rising demand for our services. We welcome the excellent teams from these facilities to Acadia, and we are committed to helping them continue providing quality care to their patients and their patients’ families.”

Risk Factors

This news release contains forward-looking statements. Generally words such as “may,” “will,” “should,” “could,” “anticipate,” “expect,” “intend,” “estimate,” “plan,” “continue,” and “believe” or the negative of or other variation on these and other similar expressions identify forward-looking statements. These forward-looking statements are made only as of the date of this news release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are based on current expectations and involve risks and uncertainties and our future results could differ significantly from those expressed or implied by our forward-looking statements. Factors that may cause actual results to differ materially include, without limitation, (i) Acadia’s ability to complete acquisitions and successfully integrate the operations of acquired facilities, including the facilities referenced above; (ii) Acadia’s ability to add beds, expand services, enhance marketing programs and improve efficiencies at its facilities; (iii) potential reductions in payments received by Acadia from the government and third-party payors; (iv) the occurrence of patient incidents, which could adversely affect the price of our common stock and result in incremental regulatory burdens and governmental investigations; (v) the risk that Acadia may not generate sufficient cash from operations to service its debt and meet its working capital and capital expenditure requirements; and (vi) potential operating difficulties, client preferences, changes in competition and general economic or industry conditions that may prevent Acadia from realizing the expected benefits of its business strategy. These factors and others are more fully described in Acadia’s periodic reports and other filings with the SEC.

About Acadia

Acadia is a provider of inpatient behavioral health services. Acadia operates a network of 232 behavioral health facilities with more than 9,400 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.

Source: Acadia Healthcare Company, Inc.

Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President