Acadia acquires CenterPointe Behavioral Health System
In January 2022, Acadia Healthcare Company, Inc. (Acadia) announced the Company completed the acquisition of CenterPointe Behavioral Health System, the largest dedicated behavioral healthcare provider in the state of Missouri. The acquired assets consist of four inpatient hospitals with 260 acute care beds and 46 specialty beds for substance use and 10 outpatient locations. CenterPointe operates behavioral health networks through regional hubs in St. Louis, Kansas City and Columbia. Acadia funded the acquisition through a combination of cash on hand and borrowings under the Company’s revolving credit facility.
Competition|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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