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

On February 22, 2024, the Company acquired substantially all of the assets of Turning Point Centers (“Turning Point”), a 76-bed specialty provider of substance use disorder and primary mental health treatment services that supports the Salt Lake City, Utah, metropolitan market. Turning Point provides a full continuum of treatment services, including residential, partial hospitalization and intensive outpatient services.

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

The following table summarizes changes in goodwill for the years ended December 31, 2024 and 2023 (in thousands):


Balance at January 1, 2023	$	2,222,805
Increase from acquisitions		337
Increase from contributions of redeemable noncontrolling interests		2,820
Balance at December 31, 2023		2,225,962
Increase from acquisitions		38,889
Balance at December 31, 2024	$	2,264,851

Of the increases to goodwill from acquisitions in 2024 and 2023, the Company expects $36.2 million and $0.3 million to be tax-deductible for the years ended December 31, 2024 and 2023, respectively.