Waud Capital’s Acadia Healthcare Buys Youth & Family Centered Services Inc.

Acadia Healthcare Co. acquired Youth & Family Centered Services Inc. Terms were not disclosed. Acadia is a portfolio company of Waud Capital Partners. Youth & Family, Austin, Texas, operates 13 behavioral healthcare facilities for youths and adolescents in eight states. The combined company will operate more than 1,700 patient beds and generate more than $260 million in annual revenue.





Waud Capital Partners (“WCP”) today announced that its portfolio company, Acadia Healthcare Company (“Acadia” or the “Company”), has acquired Youth & Family Centered Services, Inc. (“YFCS”). Terms of the transaction were not disclosed.

YFCS, based in Austin, Texas, operates 13 behavioral healthcare facilities for youths and adolescents across eight states. The combined company will operate over 1,700 patient beds and generate over $260 million of revenue annually.

Joey Jacobs, the former President and CEO of Psychiatric Solutions, Inc. (“PSI”), has joined Nashville-based Acadia as CEO along with other former PSI senior executive team members.

“The combination of YFCS and Acadia builds upon the strength of the existing Acadia platform and creates a nationwide behavioral healthcare company of meaningful scale. This combination, coupled with a highly successful and proven senior management team, greatly strengthens Acadia’s growth prospects, leaving it well-positioned to enter new markets and further execute its strategic growth plan,” said Chuck Edwards, Principal of WCP.

As a result of the transaction, Acadia now provides services at 19 facilities in 13 states across the country.

“This transaction strategically positions Acadia to become the leading dedicated provider of high quality behavioral healthcare services in the U.S.,” said Joey Jacobs, CEO of Acadia.

The transaction marks Acadia’s seventh acquisition since WCP formed the company in December 2005.

“Acadia’s acquisition of YFCS is a classic example of our focused approach to investing and building value in our portfolio companies for our investors. Coupled with the expansion of Acadia’s management team, we believe this transaction firmly positions the company to take advantage of attractive market dynamics, grow aggressively and increase its geographic footprint and range of behavioral healthcare services,” said Reeve Waud, Managing Partner of WCP.

About Acadia Healthcare Company

Headquartered in Nashville, Acadia was established in December 2005 to acquire, develop and operate a network of behavioral healthcare facilities across the country. Acadia provides premier 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.

For additional information on Acadia Healthcare Company, visit the Company’s website at www.acadiahealthcare.com.

About Waud Capital Partners

Waud Capital Partners is a private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle market growth equity investments, buyouts, industry consolidations and recapitalizations. The firm seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $300 million. The firm has completed more than 100 acquisitions since its founding and currently has approximately $1 billion of capital under management.

For additional information on Waud Capital Partners, visit the firm’s website at www.waudcapital.com.



Waud Capital Partners

Chuck Edwards, 312-676-8400