Two private equity firms have reportedly shown interest in purchasing Acadia Healthcare, a behavioral healthcare facility operator in Franklin, Tenn., according to CNBC.
The organization, which operates nearly 600 behavioral healthcare facilities across 40 states, was reportedly approached by private equity firms KKR in Houston and TPG Global, headquartered in Fort Worth, Texas, and San Francisco, people familiar with the situation told Reuters Oct. 18. Following the report, Acadia Healthcare's stock rose more than 9 percent.
Several private equity firms have recently begun expanding into the healthcare space. KKR recently completed its $9.9 billion deal to acquire Nashville, Tenn.-based Envision Healthcare. Humana and two other private equity firms recently closed on a $4.1 billion deal to purchase Kindred Healthcare, a Louisville, Ky.-based post-acute care provider.
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