Acacdia Healthcare Planning $2.2B Sale of Facilities to Ventas, Inc.

Acadia Healthcare Company Overview

Acadia Healthcare is a leading provider of behavioral healthcare services in the United States. The company operates a network of more than 200 treatment facilities across 40 states and Puerto Rico. Acadia offers a wide range of services, including inpatient and outpatient care, residential treatment, and community-based services. The company's mission is to provide high-quality, compassionate care to individuals with mental health and substance use disorders.

Key Points of the Sale

• Acadia Healthcare is planning to sell 18 behavioral health facilities to Ventas, Inc., a real estate investment trust, for $2.2 billion.
• The sale is expected to close in the fourth quarter of 2023.
• Acadia will continue to operate the facilities under a long-term lease agreement with Ventas.

Sale Impact and Expert Opinion

The sale of these facilities will allow Acadia Healthcare to focus on its core operations and invest in new growth opportunities. Ventas, Inc. is a leading provider of healthcare real estate, and this acquisition will expand its portfolio of behavioral health facilities.

"This sale is a positive development for both Acadia Healthcare and Ventas," said John Rex, an analyst at Bank of America. "Acadia will be able to use the proceeds from the sale to invest in its core operations and expand its reach, while Ventas will add a valuable portfolio of behavioral health facilities to its portfolio."

Other Noteworthy Elements

• The sale is subject to customary closing conditions, including regulatory approvals.
• Acadia Healthcare's financial advisor is J.P. Morgan Securities LLC, and its legal advisor is Latham & Watkins LLP.
• Ventas, Inc.'s financial advisor is BofA Securities, and its legal advisor is Jones Day.

Acadia Healthcare