Report: Acadia, private equity firms discuss potential sale

Major behavioral health provider chain Acadia has engaged in talks with private equity firms about a sale of the company, according to a Reuters report published Thursday morning. KKR & Co. Inc. and TPG Global are among the firms to have approached Acadia, per the report, although sources tell Reuters no deal is imminent.

The Franklin, Tenn.-based Acadia operates 585 behavioral health facilities, with a total capacity of about 17,900 beds in 40 states, the United Kingdom and Puerto Rico. The company has been active in acquiring other smaller treatment center operators in recent years, and earlier this year, it partnered with St. Thomas Health in Nashville, Tenn., on the establishment of a new freestanding psychiatric inpatient hospital, with construction slated to begin in early 2019.