CRC Solidifies Opiate Leadership With Purchase Of 22 Clinics

Circle Connections: Mergers & Acquisitions In a major solidification of its position as the nation's largest specialty opiate addiction treatment clinic operator, CRC Health Corp has purchased Habit OPCO for $58M in cash. Founded in 1985, Habit OPCO has grown into the fourth largest opiate clinic company with 22 facilities located in five states, Massachusetts, Vermont, New Jersey, New Hampshire and Pennsylvania. In its 3Q 10Q filing with the SEC last month, CRC implied its expects Habit OPCO to add approximately $43M in annual revenues with $11M in adjusted pro forma EBITDA (cash flow), a key number given the . . .