Acadia Healthcare Expands Footprint In Illinois Through Real Estate Purchase & Establishes New Behavioral Health Care System Named Montrose Behavioral Health Hospital

Acadia Healthcare Company, Inc. purchased real estate of three currently non-operational behavioral facilities in Illinois, including one adult hospital, one children’s hospital and an outpatient facility, all located on the north side of Chicago, Illinois. The company plans to make infrastructure investments to improve the facilities and then reopen them to operate as Montrose Behavioral Health Hospital. The company funded the transaction with cash on hand; other financial details were not disclosed.

Montrose Behavioral Health will open during 2022 and 2023. A 60-bed children’s hospital and the outpatient facility are expected to open in the summer . . .