Dispositions and acquisitions

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Dispositions and acquisitions

(8) Dispositions and acquisitions

Six-month period ended June 30, 2018:

Acquisitions:

During the first six months of 2018, we paid approximately $21 million to acquire businesses and property consisting primarily of the acquisition of a 109-bed behavioral health care facility located in Gulfport, Mississippi (acquired during the first quarter). 

Divestitures:

During the first six months of 2018, we received an aggregate of approximately $14 million resulting primarily from the required divestiture of The Limes, an 18-bed behavioral health care facility located in the U.K., as well as the divestiture of the real property of a previously closed behavioral health care facility.  The divestiture of The Limes was completed pursuant to the final ruling of The Competition and Markets Authority’s (“CMA”) Phase 2 investigation in connection with our acquisition of Cambian Group, PLC’s adult services’ division during the fourth quarter of 2016.  

Subsequent Event:

In July, 2018, we acquired The Danshell Group located in the U.K., consisting of 25 behavioral health care facilities with an aggregate of 288 beds, for a purchase price of approximately $92 million. Given the nature and terms of this acquisition, we do not believe it will be subject to regulatory review in the U.K.  However, we can provide no assurance that the CMA will not review the transaction.

Six-month period ended June 30, 2017:

Acquisitions:

During the first six months of 2017, we paid approximately $20 million to acquire various property assets.

Divestitures:

During the first six months of 2017, there were no divestitures.