Coker Capital

 
 
 

Media

Coker Capital Advises The Refuge in its Sale to Acadia Healthcare

Atlanta, GA / Charlotte, NC - Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive agreement for the purchase of The Refuge, a Healing Place, an inpatient psychiatric facility near Ocala, Florida licensed for 85 beds. “We are pleased with our agreement to purchase this high quality specialty inpatient psychiatric facility, which is the second transaction we have announced in Florida in 2013,” said Joey Jacobs, Chairman and Chief Executive Officer of Acadia. “Consistent with our ongoing acquisition strategy, we expect this transaction to be accretive to our financial results and to represent a long-term growth opportunity for Acadia.” Coker Capital Advisors acted as the exclusive financial advisor to The Refuge in this transaction. Terms of the transaction were not disclosed.

About The Refuge
Located in Ocala and Ocklawaha, Florida, The Refuge employs experiential and holistic approaches in treating substance abuse, process addictions, PTSD, and trauma survivors. The Company utilizes a multi-level, 12-step treatment program that includes a full continuum of care for patients suffering from addictions. Since its founding in 2003, The Refuge has been a pioneer in the introduction of substance abuse treatment services with a focus on trauma.

About Acadia Healthcare Company (NASDAQ: ACHC)
Acadia is a provider of inpatient behavioral healthcare services. Acadia operates a network of 46 behavioral healthcare facilities with approximately 3,700 licensed beds in 21 states and Puerto Rico. Acadia provides psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs.

About Coker Capital Advisors
Coker Capital Advisors is a healthcare-focused investment bank with expertise in mergers and acquisitions, financings, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com.