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Life Health Center, a mental health facility, closing Friday after 30 years

Minnesota lawmakers weigh options for additional review of Fairview-Sanford merger

State clears Fairview plan for new psychiatric hospital in St Paul, but raises concerns

Orlando Health launches behavioral health joint venture with Acadia Healthcare

Not-for-profit Orlando Health and Acadia Healthcare have formed a joint venture in which Acadia will manage Orlando Health's inpatient and outpatient behavioral health services.

Acadia Healthcare to sell UK operations for about $1 47 billion

Acadia Healthcare Inc. ACHC, +0.54% said Wednesday it has reached an agreement to sell its U.K. operations to Waterland Private Equity for about 1.078 billion pounds ($1.47 billion). The company expects net proceeds of about $1.350 billion net of transaction costs and the settlement of currency hedging liabilities. Franklin, Tennessee-based Acadia will use the proceeds to pay down debt and for other general corporate purposes. We believe we are well positioned to meet the strong demand for mental health and substance use treatment across the U.S., the company said in a statement. We will continue to focus on delivering the highest level of patient care and advancing our position as a leading behavioral healthcare facilities operator in the U.S. The deal is expected to close in January. Acadia shares rose 3.4% premarket.

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