Acadia Healthcare Acquires CenterPointe Behavioral Health System

Acadia Healthcare Company Inc. (NASDAQ: ACHC), the nation’s largest pure-play behavioral health provider, has acquired CenterPointe Behavioral Health System, a large behavioral health provider based in St. Charles, Missouri.

The Franklin, Tennessee-based company has made good on its intention to be a consolidating force in the fragmented behavioral health space.

CenterPointe Behavioral Health System operates four inpatient hospitals with 260 acute care beds, 46 specialty beds, and 10 outpatient locations in the Missouri cities of St. Louis, Kansas City and Columbia. 


Acadia Healthcare did not disclose the terms of the deal but said in a news release that the company funded the acquisition through a combination of cash on hand and borrowings under the company’s revolving credit facility.

“Acadia has a proven operating model, and as we acquire these facilities and programs, we expect to benefit from the additional scale and realize cost synergies,” Acadia CEO Deb Osteen said in the release. “We also intend to make investments in future growth opportunities by expanding the facilities and adding service offerings to further enhance the continuum of care and meet the demand for behavioral healthcare services.

Osteen also said the CenterPointe deal will immediately be accretive and allows Acadia Healthcare to expand into high-growth markets, and that, as a certificate of need state, Missouri was an attractive acquisition market. 


Acadia Healthcare operates 10,200 beds spanning 230 facilities in 41 American states and territories. It also employs about 20,000 people that serve about 70,000 people a day as of the end of October 2021, according to the release. 

On the company’s third-quarter earnings conference call, Osteen said the company has the right capital structure to pursue expansion via four potential paths: bed expansion, building Acadia-owned facilities, joint ventures and M&A.

“We believe that there is still a lot of opportunity — that it is still a very fragmented market,” Osteen said on the call in October. “And we see a number of smaller multi-facility systems, also a number of single facility operators, that I think presents future opportunities.”

In December, Acadia Healthcare announced that it struck a deal for a joint venture with Orlando Health, a health care organization based in the Florida city of the same name. A month before that, Acadia Healthcare announced that it had a JV with San Diego-based Scripps Health.
The done deal with CenterPointe Behavioral Health System comes in under the wire with Osteen’s retirement from the company coming closer, effective Jan. 31.

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