Lifepoint Health Acquires Cornerstone Behavioral Health El Dorado

Lifepoint Health Acquires Majority Ownership Interest in Springstone

February 7, 2023

Healthcare Services

Lifepoint Health has completed the acquisition of a majority ownership interest in the operating company of Springstone, adding 18 behavioral health hospitals and 35 outpatient locations across nine states to its network. Medical Properties Trust will continue to own the majority of Springstone's real estate and retain a minority stake; in conjunction with the deal MPT sold a loan and accrued interest (approximately $205 million) to Lifepoint.

Aurora Health Acquires Cornerstone Treatment Facilities Network

December 19, 2022

Healthcare Services

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

LifePoint Health Acquires Kindred Healthcare

June 21, 2021

Healthcare Services

LifePoint Health agreed to acquire Kindred Healthcare in June 2021 and completed the transaction in December 2021, combining LifePoint's community hospital network with Kindred's long-term acute care, rehabilitation and behavioral health capabilities. The deal created a new national system, ScionHealth, and LifePoint committed to invest roughly $1.5 billion over three years to expand services, technology and community-based care.

Acadia Healthcare Acquires CenterPointe Behavioral Health System

January 3, 2022

Healthcare Services

Acadia Healthcare completed the acquisition of CenterPointe Behavioral Health System, adding four inpatient hospitals (260 acute care beds and 46 specialty substance-use beds) and 10 outpatient locations across Missouri. Acadia funded the transaction with cash on hand and borrowings under its revolving credit facility and said the deal extends its footprint in high-growth Missouri markets (St. Louis, Kansas City and Columbia).

Bradford Health Services Acquires Cornerstone of Recovery

September 7, 2021

Healthcare Services

Bradford Health Services, a Birmingham-based addiction treatment provider backed by Centre Partners, has acquired Cornerstone of Recovery, a Tennessee-based substance use disorder treatment provider operating two Knoxville-area inpatient facilities. The acquisition expands Bradford's inpatient addiction treatment footprint into Tennessee and increases its continuum of care across the Southeast.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.