Ventura Cannabis and Wellness Corp CVHIF

RE:RE:ACHC being acquired?

[TheProphetElijah]

Amazes me why all addiction plays are not gapping on this, or is this about to light a fire.  My guess is ACHC goes for a big premium or does not sell.  Imagine where MJ stocks would be if the government started dishing out funding for toking up!

Reuters) - Acadia Healthcare Co Inc (ACHC.O), a U.S. operator of behavioral health centers, is in talks with private equity firms about selling itself after attracting buyout interest, people familiar with the matter said on Thursday.

The buyout talks involving Acadia underscore the renewed interest by private equity firms in the sector, following U.S. legislative reforms that expanded insurance coverage for behavioral health and substance abuse treatment.

 

KKR & Co Inc (KKR.N) and TPG Global are among the private equity firms that have approached Acadia recently to express interest in acquiring it, the sources said, cautioning there is no certainty of a deal.

The sources asked not to be identified because the matter is confidential. Acadia could not be reached immediately for comment, while KKR and TPG declined to comment.

Acadia shares rose 10 percent to $39.49 in morning trading in New York on Thursday, giving the company a market capitalization of about $3.4 billion. 

https://www.reuters.com/article/us-acadia-health-m-a-exclusive/exclusive-acadia-healthcare-attracts-private-equity-interest-in-acquisition-sources-idUSKCN1MS1TY