Acadia Healthcare Company completed the acquisition of 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. The company 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 expected to open in the summer of 2022 and the 101-bed adult hospital, which will include geriatric services, is slated to begin operations in early 2023. Read more.
