Acadia to Buy Priory for $1.9 Billion in Cash, 5.4 Mln Shares

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Acadia Healthcare Company Inc. agreed to buy Priory Group in a stock-and-cash deal to gain U.K. facilities for older people, adults or children grappling with behavioral issues.

Acadia will pay 1.28 billion pounds ($1.9 billion) in cash, including 925 million pounds to repay debt, and 5.363 million of its own shares, for Priory, the U.S. company said in a statement Monday.

The transaction will boost Acadia’s presence in the U.K., adding Priory’s 7,200 beds to Acadia’s 2,200 ones there, said Chief Executive Officer Joey Jacobs.

Link to Statement:Link

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