Acadia Healthcare To Acquire CRC Health For $1.2 Billion

On October 29, 2014, Acadia Healthcare Company, Inc. announced an agreement valued at $1.17 billion to acquire CRC Health Group, Inc. from Bain Capital Private Equity. The transaction is expected to close in the first quarter of 2015. As payment, Acadia is offering up to about 6.3 million shares of its common stock, and will assume CRC’s debt.

CRC Health provides addiction treatment and other specialty programs through 36 residential facilities and 84 comprehensive treatment facilities that currently treat approximately 40,000 patients daily. Acadia projects that these facilities will produce aggregate revenues for 2014 of approximately . . .