Acadia Healthcare to Buy CRC Health in $1.18 Billion Deal
This article is for subscribers only.
Acadia Healthcare Company Inc. said it will acquire closely held CRC Health Group Inc. for $1.18 billion, expanding its in-patient mental health and substance abuse treatment facilities.
CRC Health’s owners will receive about 6.3 million Acadia shares in the deal, Franklin, Tennessee-based Acadia said today in a statement. Acadia also will assume CRC Health’s debt.