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Acquisitions
3 Months Ended
Mar. 31, 2023
Business Combinations [Abstract]  
Acquisitions
5.
Acquisitions

The Company’s strategy is to acquire and develop behavioral healthcare facilities and improve operating results within its facilities and its other behavioral healthcare operations.

On November 7, 2022, the Company acquired four CTCs located in Georgia from Brand New Start Treatment Centers.

Transaction-related expenses

Transaction-related expenses represent costs primarily related to legal, accounting, termination, restructuring, management transition, acquisition and other similar costs. Transaction-related expenses comprised the following costs for the three months ended March 31, 2023 and 2022 (in thousands):

 

 

Three Months Ended March 31,

 

 

2023

 

 

2022

 

Management transition costs

$

4,800

 

 

$

1,035

 

Legal, accounting and other acquisition-related costs

 

1,640

 

 

 

589

 

Termination and restructuring costs

 

31

 

 

 

1,958

 

 

$

6,471

 

 

$

3,582