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Acadia Healthcare (NASDAQ: ACHC) has acquired four comprehensive treatment centers (CTC) from Brand New Start Treatment Centers in the Atlanta area, expanding its CTC network to 148 facilities. This acquisition aims to bolster its medication-assisted treatment (MAT) programs, essential in addressing the growing opioid crisis. The CEO, Chris Hunter, emphasized the centers' operational success and potential for positive patient outcomes. Acadia currently operates 242 behavioral healthcare facilities across the U.S., serving about 70,000 patients daily.
Positive
Acquisition of four CTCs increases Acadia's network to 148 locations.
Strengthens Acadia's position in the growing MAT market.
The centers have strong track records of positive patient outcomes.
Negative
None.
Providing a critical healthcare service to communities surrounding Atlanta
FRANKLIN, Tenn.--(BUSINESS WIRE)--
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the recent acquisition of four comprehensive treatment centers (“CTC”) from Georgia-based Brand New Start Treatment Centers. The four centers are located in separate suburbs of the Atlanta metropolitan area, each within 40 miles of the city. The transaction increases Acadia’s CTC network of medication-assisted treatment (“MAT”) program facilities to 148 locations and expands Acadia’s CTC line in Georgia.
“In recent years, the opioid crisis has continued to grow in the Atlanta area and across the country, making our CTC facilities and programs critical to the communities they serve,” said Chris Hunter, Chief Executive Officer of Acadia Healthcare. “These four locations are fully operational with strong track records of positive patient outcomes. We look forward to combining our best practices to provide high quality care. We have seen firsthand that the combination of MAT with behavioral therapy and other support services can change the course of people’s lives. We will continue to invest strategically in the expansion of our CTC network to meet this essential need.”
Acadia’s CTC medication-assisted treatment programs combine behavioral therapy and medication to treat opioid use disorders. Each CTC provides a range of comprehensive substance abuse treatment support services that include medical, counseling, vocational, educational and other treatment services to help patients progress. Behavioral therapies are delivered in an array of treatment models that may include individual and group therapy, intensive outpatient, outpatient, partial hospitalization/day treatment, road to recovery and other programs.
About Acadia Healthcare
Acadia is a leading provider of behavioral healthcare services across the United States. As of September 30, 2022, Acadia operated a network of 242 behavioral healthcare facilities with approximately 10,800 beds in 39 states and Puerto Rico. With more than 22,500 employees serving approximately 70,000 patients daily, Acadia is the largest stand-alone behavioral healthcare company in the U.S. Acadia provides behavioral healthcare services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers and outpatient clinics.
What is the significance of Acadia's acquisition of the four treatment centers?
The acquisition expands Acadia's treatment network to combat the opioid crisis and enhance its medication-assisted treatment programs.
How many treatment centers does Acadia Healthcare operate after this acquisition?
After the acquisition, Acadia Healthcare operates 148 comprehensive treatment centers.
Who did Acadia Healthcare acquire the treatment centers from?
Acadia Healthcare acquired the treatment centers from Brand New Start Treatment Centers based in Georgia.
What services do Acadia's comprehensive treatment centers provide?
They provide medication-assisted treatment, behavioral therapy, medical, counseling, vocational, and educational services to treat opioid use disorders.
What impact does the acquisition have on Acadia's growth?
The acquisition is part of Acadia's strategic investment to expand its CTC network and address the increasing demand for substance abuse treatment.
