Acadia Healthcare, LLC
Atlanta, GA

Acadia Healthcare today announced the acquisition of Peninsula Village from Parkwest Medical Center, Knoxville, TN. Financial terms of the deal were not disclosed.

Peninsula Village, a 145-bed residential treatment center located in Louisville, TN, serves on separate gender specific campuses adolescents ages 13-17 suffering from emotional and/or behavioral disorders who have not responded to less intensive treatment approaches. Accredited by JCAHO and SACS, the facility's name will change to The Village. Under Acadia ownership, The Village will build upon the hallmark in quality that Parkwest Medical Center and its predecessors have established over the years and strive for continued improvements in effectiveness, safety and satisfaction of clients and referents.

"Acadia has extensive experience in the provision and treatment of adolescent residential services and has sought an opportunity to offer a wider range of specialized treatment models and settings for teens and their referral sources," said Trey Carter, President and CEO of Acadia. "We are extremely pleased that, through this new addition to the Company, it will help us fulfill this objective and that the Village employees will become Acadia employees and business will proceed as normal to ensure a seamless transition for teens, families and employees." "It is a pleasure to announce the completion of this acquisition and we look forward to working closely with The Village, its employees, families and referral sources to develop the program to its full potential."

About Acadia: Headquartered in Atlanta, Georgia, Acadia Healthcare was established in January 2006 to develop and operate behavioral health centers across the country. Acadia facilities provide premier psychiatric and chemical dependency services to its clients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers, therapeutic school-based programs and outpatient centers.