Wednesday’s 10 Notable Stocks in Focus
U.S. stock futures tied to all three major indexes rose in the premarket trading Wednesday. At 2:18 p.m. ET, S&P 500 Index advanced 0.16 percent to 3,733.03, Dow Jones Industrial Average increased 0.28 percent to 30,419.75, and Nasdaq jumped 0.27 percent to 12,885.38. U.S. stocks were trading higher yesterday but suddenly slipped later in the day when Senate Majority Leader Mitch McConnell objected to the revised stimulus payments proposed by President Donald Trump on Monday.
McConnell blocked the increase in stimulus checks from $600 to $2,000. However, he still has a choice to decide about the revised amount later. Trump previously criticized the $600 payment, saying the amount is low for U.S. citizens who need extra money for buying groceries and paying rent.
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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.
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(Reuters) - Acadia Healthcare Co Inc said on Wednesday 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 1.08 billion pounds ($1.47 billion).
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 $850 million.
Priory has more than 450 facilities throughout Britain and specializes in the treatment of mental health problems, including eating disorders, as well as alcohol and drug addictions.
Celebrities such as model Katie Price and singer Eric Clapton have sought treatment for addiction at Priory’s flagship hospital in southwest London.
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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 ).