Acadia Pours $90M Into Chicago-Area Health Care Property

Law360, New York (September 4, 2012, 3:31 PM EDT) -- Acadia Healthcare Co. Inc. has purchased a 122-bed inpatient health care facility near Chicago known as Timberline Knolls for $90 million in cash, the behavioral health services provider announced Tuesday.

Acadia, which owns and operates more than 30 mental health facilities across the country, said it planned to expand the Lemont, Ill., facility with 18 new beds by the end of the year and additional beds in 2013.

The acquisition is just one of a number of recent and planned transactions meant to build Acadia's presence...
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