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Gretchen Hommrich Director, Investor Relations Good morning, and welcome to Acadia s Fourth Quarter 2020 Conference Call. I m Gretchen Hommrich, Director of Investor Relations for Acadia. I ll first provide you with our safe harbor before turning the call over to Chief Executive Officer, Debbie Osteen. To the extent any non-GAAP financial measure is discussed in today s call, you will also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP on our website by viewing yesterday s news release under the Investors link. This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Acadia s expected quarterly and annual financial performance for 2021 and beyond. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be forward-looking ....
Acadia Healthcare Announces Definitive Agreement to Sell U.K. Operations - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
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 ). ....