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Tuesday, April 23, 2019

Citi opens ‘Positive Catalyst Watch’ on Acadia for potential asset sale

Citi analyst Ralph Giacobbe opened a “Positive Catalyst Watch” on Acadia Healthcare following headlines suggesting the company is seeking a sale of its U.K. business, and specifically the Priory assets for $1.3B. The analyst sees “some optionality,” whether it is an outright sale of Priory or select asset sales in the region. He keeps a Buy rating on the shares.

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