Acadia Healthcare has acquired MMO Behavioral Health Systems, headquartered in Baton Rouge, La., adding two acute inpatient facilities to its portfolio. This is the fifth acquisition of the quarter so far.
According to Acadia, the company has added 1,300-plus beds since 2011.
With a total of 80 beds located in Baton Rouge and in Covington, La., MMO generated revenues of approximately $16 million for the 12 months ended September 30, 2015. The transaction is expected to be immediately accretive to Acadia’s financial results, excluding transaction related expenses.
MMO began as a single service agency operating out of one location, quickly growing to several sites in Louisiana. It has twice been named to the Inc. 500/5000 fastest growing company lists.
Services include: inpatient psychiatric hospitalization; inpatient physical rehabilitation; hospital based outpatient services; management services; and outpatient counseling for adults, geriatrics and children.
“MMO is a long-standing provider of quality behavioral health services in its markets, and we are pleased to add their facilities and their strong team to our operations,” said Joey Jacobs, chairman and CEO of Acadia, in a statement. “This transaction strengthens our presence in Louisiana and gives us our first inpatient behavioral health facilities in the Baton Rouge and greater New Orleans markets. We believe we are well positioned to produce long-term organic growth in these facilities and in these markets.”