AAC to acquire addiction treatment provider for $85M
September 15, 2017
Outpatient Services | Worcester, MA | Corporate Acquisition
American Addiction Centers has agreed to buy AdCare and its assets for $85 million. AdCare generated $51 million in revenue and $8.5 million in EBITDA for the 12 months ended June 30. Founded in 1986, the company provides addiction treatment in New England, with more than 6,000 hospital and residential admissions and over 115,000 outpatient visits per year.