Acadia Healthcare Company acquires Timberline Knolls
Snapshot
Acadia Healthcare Company acquired Timberline Knolls for $90 million in September 2012. The transaction was structured as all cash. Timberline Knolls is a Lemont, Illinois (near Chicago)-based U.S. behavioral health (residential / eating disorder) business.
- Acquirer
- Acadia Healthcare Company
- Target
- Timberline Knolls
- Value
- $90 million
- Date
- September 2012
- Type
- full acquisition (operations plus related real estate)
- Status
- ready
The deal at a glance
About this deal
Acadia Healthcare Company acquired Timberline Knolls for $90 million, a transaction completed in September 2012, structured as all cash.
Timberline Knolls operates in U.S. behavioral health (residential / eating disorder), is based in Lemont, Illinois (near Chicago), had revenue of about approximately $33 million (twelve months ended June 30, 2012). Acadia acquired Timberline Knolls, a 122-bed inpatient behavioral healthcare facility located near Chicago in Lemont, Illinois — its first facility in Illinois. Total consideration to purchase the operations plus a related real-estate transaction was $90 million in cash. The facility produced revenues of approximately $33 million for the twelve months ended June 30, 2012. Acadia planned an 18-bed expansion to bring the facility to 140 beds.
“We are pleased to announce the addition of Timberline Knolls, a growing, profitable and well-run facility, to Acadia's expanding base of inpatient psychiatric facilities ... this transaction is expected to be accretive to our 2012 financial results.”
A profitable, well-run residential specialty facility and Acadia's first foothold in Illinois (its 19th state), with a near-term bed expansion underway. Expected EPS accretion of ~$0.16 per diluted share on an annualized basis. Operated as Timberline Knolls within Acadia's U.S. operations
No advisory firms have been disclosed for this transaction.