Acadia buys another addiction treatment company, this time for $53 million

Quality Addiction Management operates seven comprehensive treatment centers in Wisconsin, serving approximately 2,600 patients per day, according to a news release. The company’s CEO, Dr. Michael Goldstone, will join Acadia (Nasdaq: ACHC) as chief medical officer for its comprehensive treatment centers.

“We believe this transaction is consistent with our growth strategy of acquiring behavioral health services that serve a community need and complement our existing base of service”

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