Acadia Healthcare Company acquires Montrose Behavioral Health Hospital (three Chicago behavioral health facilities)

Acadia Healthcare Company acquired Montrose Behavioral Health Hospital (three Chicago behavioral health facilities).

Montrose Behavioral Health Hospital (three Chicago behavioral health facilities) operates in U.S. inpatient behavioral health (children's and adult psychiatric), is based in Chicago, Illinois, USA. Acadia acquired three behavioral health facilities in Chicago, Illinois, operated collectively as Montrose Behavioral Health Hospital, totaling 161 beds — a 60-bed children's hospital with an outpatient center and a 101-bed adult hospital. Acadia planned significant infrastructure improvements before reopening the facilities, with the children's hospital targeted for summer 2022 and the adult hospital for early 2023.

Expand Acadia's behavioral healthcare footprint in Illinois by establishing a new Chicago-area behavioral health system with children's and adult inpatient capacity.

Advisory firms were not disclosed for this transaction.

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