Griffin Advises ACADIA, Inc., a Post-Acute Rehabilitation Services Provider, in a Sale to Community Services Group
ACADIA, Inc. is a Lancaster, PA, provider of post-acute rehabilitation services to persons with neurological impairments. ACADIA’s services are delivered through its short-term and long-term care residential program and comprehensive clinical therapy day treatment program from its headquarters and additional residential facilities. All ACADIA facilities maintain accreditation from the Commission on Accreditation of Rehabilitation Facilities for various brain injury programs.
Founded in 1987, ACADIA has provided community-integrated rehabilitation services in Central Pennsylvania for over 26 years. After over two decades of ownership, the ownership group of ACADIA voted to pursue a sale transaction in order to obtain liquidity and seek an appropriate partner to assist ACADIA with its growth strategy moving forward. Having received an unsolicited offer to sell the Company without an advisor, the board of ACADIA retained Griffin as its exclusive investment banker to run a full sale process.
Griffin was able to draw upon the experience of its affiliated platform companies and leverage a wealth of healthcare expertise, including healthcare facility M&A experience, strong knowledge of relevant regulations and other compliance issues. Griffin assisted ACADIA in financial analysis, preparation for sale, solicitation and evaluation of purchase offers, and navigation of the regulatory landscape surrounding healthcare facility M&A. Griffin was successful in negotiating and securing final terms and structure for the sale at a significant improvement to the terms which had been considered by shareholders previously.
For more information on this transaction, contact Thomas G. Whalen, Senior Managing Director, at 610.205.6115 or Glenn S. Bernabeo, Senior Managing Director, at 610.205.6034.