Acadia Healthcare executives on Wednesday announced the sale of their struggling United Kingdom division for $1.35 billion, down 25 percent from what the Franklin-based behavioral health company bought it for in 2016.
Acadia has struck a deal with European private equity firm Waterland, whose portfolio spans label printing, live entertainment, nutrition, acute care and specialty clinics, logistics, debt collection, radar systems, car batteries, among others. The sale is expected to close next month.
“Since announcing our decision to explore strategic alternatives with respect to the Priory Business, our primary objective has always been to complete a transaction that would maximize value for our stockholders,” Acadia CEO Debbie Osteen said in a release. “Following a comprehensive process, we believe we have achieved this objective. We intend to use the proceeds to pay down debt and for other corporate purposes. [.] We will continue to focus on delivering the highest level
DBusiness Magazine
Henry Ford Health System Plans $50M Behavioral Health Facility in West Bloomfield
Detroit-based Henry Ford Health System has formed a joint venture with Tennessee’s Acadia Healthcare Co., a large health care company, to build a planned $50-million behavioral health facility in West Bloomfield.
Henry Ford has partnered with Acadia Healthcare Co. to build a $50-million behavioral health facility in West Bloomfield. // Rendering courtesy of Henry Ford Health System
Detroit-based Henry Ford Health System has formed a joint venture with Tennessee’s Acadia Healthcare Co., a large health care company, to build a planned $50-million behavioral health facility in West Bloomfield.