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Acquisitions
 6 Months Ended
Jun. 30, 2025
Business Combination [Abstract]  
Acquisitions
5.
Acquisitions

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.

Goodwill

The changes in goodwill during 2024 and 2025 are as follows (in thousands):

 

Balance at January 1, 2024

$

2,225,962

 

Increase from acquisitions

 

38,889

 

Balance at December 31, 2024

 

2,264,851

 

Increase from acquisitions

 

8,419

 

Increase from contribution of redeemable noncontrolling interests

 

2,923

 

Adjustments related to 2024 acquisitions

 

39

 

Balance at June 30, 2025

$

2,276,232