Skip to site content

Experience

Acadia Healthcare acquires CRC Health Group, Inc.

Acadia Healthcare Company, Inc. (Nasdaq: ACHC) acquired CRC Health Group, Inc. (CRC), a leading provider of treatment services related to substance abuse and other addiction and behavioral disorder, for $1.3 billion. At the time of closing, CRC operated 35 inpatient facilities with over 2,400 beds and 81 comprehensive treatment centers located in 30 states, and treated approximately 44,000 patients per day. The CRC acquisition was transformational for Acadia and represented the company's entry into the substance abuse market.

Waller assisted Acadia in all aspects of the transaction, including challenging real estate issues, Hart-Scott-Rodino compliance, and regulatory approvals. In addition, both CRC and Acadia had significant private equity ownership stakes, further complicating the dynamics. Extensive negotiations among the significant stockholders on matters of registration rights and other stockholder matters were required. Moreover, a portion of the consideration paid was in the form of Acadia stock requiring extensive securities law analysis and structuring. In addition to its role on the acquisition transaction, Waller acted as lead counsel to Acadia in financing the acquisition.

RELATED PROFESSIONALS

Sarah Wills
Email | Bio

Shane Morris
Email | Bio

Shannon Goff Kukulka
Email | Bio

Colbey Reagan
Email | Bio

Travis Parham
Email | Bio

Daniel Patten
Email | Bio

Kerry Henson
Email | Bio

Jay Nixon
Email | Bio

Matt Burnstein
Email | Bio

Ashleigh VanLandingham
Email | Bio

Beth Vessel
Email | Bio

Jeanette Ramer
Email | Bio

Tyson Bickley
Email | Bio

Stephen Quinn
Email | Bio

We want to hear from you.

Whether a current or prospective client, we are here to help your business thrive. Please send us a message and we will respond to your needs as soon as possible.

Send us a message