Acadia buys Georgia facility

CEO Jacobs sees more opportunities in nonprofit deals

Acadia Healthcare has acquired an inpatient psychiatric facility in Valdosta, Ga., for an undisclosed sum, bringing its Peach State holdings to three.

Greenleaf Center, with annual revenues of about $7 million, is a 50-bed treatment facility formerly owned by the nonprofit South Georgia Medical Center. Acadia execs expect the acquisition to be accretive to their 2013 earnings per share.

“We are pleased to begin 2013 with the purchase of a high quality acute inpatient psychiatric facility,” said Acadia Chairman and CEO Joey Jacobs. “In addition, this transaction is our first with a non-profit healthcare organization. We believe the non-profit segment of the healthcare industry has the potential to be a meaningful source of additional acquisition opportunities.”

Shares of Acadia (Ticker: ACHC) closed Monday trading at $24.15, up about 2 percent on the day. They've risen almost 30 percent in the past six months.