Waud-backed Acadia Completes Nearly $1.2B Purchase of CRC
February 13, 2015
Acadia Healthcare (NASDAQ: ACHC), a portfolio company of Waud Capital Partners, has completed its previously announced $1.175 billion acquisition of CRC Health Group. Operating out of 145 facilities, CRC provides specialized behavioral healthcare services in the U.S., treating over 30,000 people with drug and alcohol addiction, learning differences and eating disorders, among other behavioral issues. In 2014, the company produced revenues of approximately $450 million and adjusted EBITDA of about $115 million. Acadia provides inpatient behavioral healthcare services, operating a network of 194 facilities across 37 U.S. states, the U.K. and Puerto Rico.