Tennessee-based Acadia Healthcare Co. Inc. has acquired Baton Rouge-based MMO Behavioral Health Systems and its inpatient behavioral health facilities in Baton Rouge and Covington.
The price was not disclosed. MMO’s facilities have a total 80 beds and generated about $16 million in revenue for the 12 months that ended Sept. 30.
The deal gives Acadia Healthcare entree into the Baton Rouge and greater New Orleans markets, as well as strengthening the company’s presence in Louisiana, Chairman and Chief Executive Officer Joey Jacobs said.
In Louisiana, Acadia already operates the Baton Rouge Comprehensive Treatment Center; Acadiana Addiction Center in Lafayette; Vermilion Behavioral Health Systems in Lafayette; and Longleaf Hospital in Alexandria.
Acadia provides psychiatric and chemical dependency services through a network of 258 facilities in 39 states, the United Kingdom and Puerto Rico.
Acadia’s stock dipped 13 cents Wednesday to close at $69.21. Its 52-week trading range is $54.41 to $85.62.