Acadia needs consent to shed Brexit assets

Acadia Healthcare, which owns UK mental healthcare provider the Priory Group, needs the consent of lenders if it wants to go through with its plan to sell the company, a research company says. US-based Acadia could be forced to use the proceeds of the sale to deleverage.

  • By Karoliina Liimatainen
  • 14 Aug 2019

Acadia announced earlier this summer that it had hired advisers to explore a potential sale of the Priory Group.

But disposing of about one third of the company would trigger the asset sale covenant in its credit agreements, forcing the company to seek the consent of lenders before it ...

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