We represented Polaris Hospital Holdings, LLC and its majority private equity owner, HCP & Company, in the company's sale to Acadia Healthcare Company, Inc. The transaction closed on May 1, 2016 for an undisclosed value.
Details of the transaction were outlined in the article, "Acadia Healthcare (ACHC) Acquires Polaris Hospital Holdings," published on StreetInsider.com.
Polaris operates TrustPoint Hospital, a hospital located in Murfreesboro, Tennessee that provides rehabilitation services and inpatient/outpatient behavioral health services. Acadia Healthcare Company, Inc. (NASDAQ: ACHC) is a provider of inpatient behavioral healthcare services. As of April 2016, Acadia operates a network of 587 behavioral healthcare facilities with approximately 17,400 beds in 39 states, the United Kingdom and Puerto Rico.