GREY:CVHIF - Post by User
Comment by
Luminouson Apr 26, 2018 12:06pm
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Post# 27944667
RE:RE:Maybe I'm wrong...
RE:RE:Maybe I'm wrong...acquisitions continue in the space:
https://www.bna.com/seven-hot-sectors-n57982090710/
Behavioral Health
The behavioral health and addiction treatment sector also saw major acquisition activity in 2017. In maybe the largest of such acquisitions the year, AAC Holdings Inc. (Nasdaq: AAC) purchased AdCare Inc. and its affiliated entities, one of the leading providers of addiction treatment services based in New England. Investment banking firms suggest the fragmented nature of this market, coupled with the growing demand for behavioral healthcare services, has made the industry an attractive investment opportunity. Private equity-backed deals also are fueling activity in this sector. In another notable transaction last year, Summit Behavioral Healthcare, LLC (Summit BHC) – a national provider of addiction treatment and behavioral health services launched by Acadia Healthcare Company Inc. (NYSE: ACHC), founder Trey Carter and backed by Lee Equity Partners and FFL Partners – acquired two facilities located in Arizona and Tennessee. Behavioral health activity is on an upward trend, and while residential treatment and substance abuse centers were the initial focal point, acquisition interest has emerged in other areas of the behavioral health spectrum as the ongoing opioid and mental health crises are thrust into the national spotlight.