US-based psychiatric provider buys PiC

US-based psychiatric provider Acadia Healthcare has acquired Partnerships in Care (PiC) from its private equity owners Cinven for approximately $660m (£393m). Acadia, which is backed by Waud Capital Partners and listed on Nasdaq and operates a network of 52 facilities with over 4,200 beds in 24 US states and Puerto Rico, said the deal represented…

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