Acadia Healthcare Acquires Timberline Knolls

On September 4, 2012, Acadia Healthcare Company, Inc. announced the acquisition of Timberline Knolls, a 122-bed inpatient behavioral health care facility located in Illinois. The acquisition was valued at $90 million. This is Acadia Healthcare’s first facility in Illinois. Timberline Knolls provides gender-specific treatment for females over age 12 diagnosed with eating disorders, drug and alcohol addiction, mood and anxiety disorders, and co-occurring disorders. Residential treatment at Timberline Knolls includes a state-approved school for adolescents, and 24-hour, seven-day per week medical care. The facility is in the process of completing an 18-bed . . .