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2nd Largest UK-Based Independent Behavioral Health Provider Operates 23 Inpatient Facilities with over 1,200 Beds
Transaction Expected to Be Accretive to 2014 Earnings by
Approximately
UK Behavioral Health Market Opportunity
-
The independent behavioral health market represents roughly 8% of the
total behavioral health market, or approximately
$2 billion , and has grown at a 9.2% compound annual rate since 2004. - This growth has been supported by the long-term decline in National Health Service (NHS) beds available for inpatient behavioral health, due both to increasing budget constraints and greater focus on quality. NHS beds for inpatient behavioral health have declined from 82% of total beds in 2004 to 69% in 2012.
- While the largest four independent inpatient behavioral health providers account for 58% of the independent behavioral health market share, including PiC with a 16% share, the remaining independent behavioral health market is highly fragmented.
Mr. Jacob’s concluded, “With a fragmented
Investor Presentation
On
The live web cast of the Company’s presentation, and slides to be discussed during the presentation, will be available on the Company’s web site, www.acadiahealthcare.com, by clicking on the “Investor Relations” link. Please go to the site at least 15 minutes prior to the web cast to download and install any necessary software. A replay of the presentation will also be available on the Company’s web site for two weeks.
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, including the acquisition of PiC, and
successfully integrate the operations of the acquired facilities; (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 risk that Acadia may not generate
sufficient cash from operations to service its debt and meet its working
capital and capital expenditure requirements; and (v) 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
Disclaimer
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Acadia
Acadia is a provider of inpatient behavioral healthcare services. Acadia
operates a network of 52 behavioral healthcare facilities with more than
4,300 licensed beds in 24 states and
Source:
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President