Acadia to sell celebrity rehab centre operator Priory


LONDON: Acadia Healthcare Co Inc said it would sell its UK unit the Priory Group, a care homes operator known for its celebrity clientele, to private equity firm Waterland for about £1.08bil (US$1.47bil).

The deal comes more than a year after the behavioral healthcare services provider said it was looking to sell the business, which it had acquired in January 2016 for nearly US$850mil.

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