With the signing of the letter of intent, Highland and Acadia will move into due diligence and work toward a definitive agreement. Leadership of Highland anticipates completing the definitive agreement by September 30, 2016, and desires to finalize the transaction by the end of this year.
Highland includes the following companies:
- Highland Hospital Association – A psychiatric hospital with 80 acute-care beds for adults, children and adolescents and a 24-bed psychiatric residential treatment facility for children and adolescents.
- Highland Health Center, Inc. – A 16-bed residential treatment and detoxification program.
- Process Strategies – An outpatient provider with integrated behavioral healthcare, primary care, and pharmacy services.
"Our mission is to serve the clinical behavioral healthcare needs of southern West Virginia. Our board believes Acadia is in a position to provide Highland with the capital and clinical support needed to serve our patients and our region," said Dr. Kiran Devaraj, chief medical officer.
Highland-Clarksburg Hospital, Inc., is not a party to the transaction. Highland-Clarksburg Hospital, Inc., is a stand-alone corporation and not an affiliate of Highland.
Highland is the largest provider of behavioral healthcare services in southern West Virginia. It is composed of Highland Hospital Association, a psychiatric hospital and a psychiatric residential treatment facility for children and adolescents; Highland Health Center, Inc., a 16-bed residential treatment and detoxification program; and Process Strategies, an outpatient provider with integrated behavioral healthcare, primary care, and pharmacy services. To learn more: http://www.highlandhosp.com/
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