Acadia Healthcare today completed the acquisition of three inpatient psychiatric hospitals from Haven Behavioral Healthcare, which was first announced in January.
The facilities, which include 166 beds and revenues of over $43 million, are located in Tucson, Ariz., Wichita Falls, Tex., and Ada, Okla. The acquisition cost Acadia $91 million.
According to Joey Jacobs, chairman and CEO of Acadia, the transaction represents “continuing opportunities” in the inpatient behavioral health industry.
In addition to acquiring “selective, high-quality facilities with outstanding teams that are leaders in their markets,” Jacobs also sees opportunities to expand facilities through the addition of new beds, enhanced marketing and a broader range of services.
The facilities are also expected to “improve [Acadia’s] payor mix through increased acute psychiatric revenue and increasing our geographic revenue diversification,” Jacobs said.