Acadia Healthcare Acquires Hospital Properties in Chicago.

MANews-(C)2009-2021

US-based behavioral healthcare services provider Acadia Healthcare company, Inc. (NASDAQ: ACHC) has completed the acquisition of the real estate for three currently non-operational facilities, including one adult hospital, one children's hospital and an outpatient facility, all located on the north side of Chicago, Illinois, the company said.

The company said it funded the transaction with cash on hand.

Prior to reopening, Acadia will make infrastructure investments to improve the behavioral health facilities, which will operate as Montrose Behavioral Health Hospital.

The 60-bed children's hospital and outpatient facility are...

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