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Sign of the times for advisers on Priory Group and vegan foods deals

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Acadia Healthcare Announces Definitive Agreement to Sell U K Operations

Share: Acadia Healthcare Company, Inc. (NASDAQ:ACHC) ( Acadia or the Company ) today announced that it has entered into a definitive agreement to sell its U.K. operations to Waterland Private Equity ( Waterland ) for a purchase price of approximately £1,078 million. The Company expects the sale to result in proceeds of approximately $1,350 million, net of transaction costs and the settlement of existing foreign currency hedging liabilities and based on the current GBP/USD exchange rate. The proposed transaction is expected to close in January 2021. The transaction includes the sale of the entirety of Acadia s U.K. business operations, which are operated under the name of The Priory Group (the Priory Business ).

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