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Acquisitions
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022 (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Management transition costs

$

6,175

 

 

$

1,165

 

 

$

10,976

 

 

$

2,200

 

Termination and restructuring costs

 

1,974

 

 

 

688

 

 

 

2,005

 

 

 

2,646

 

Legal, accounting and other acquisition-related costs

 

925

 

 

 

2,087

 

 

$

2,564

 

 

 

2,676

 

 

$

9,074

 

 

$

3,940

 

 

$

15,545

 

 

$

7,522