LITTLE ROCK — Tennessee’s Acadia to purchase AmiCare
Acadia Healthcare Co.
Inc. of Franklin, Tenn., said Tuesday that it has agreed to buy Fayetteville-based AmiCare Behavioral Centers for $113 million.
AmiCare operates four inpatient psychiatric facilities in Arkansas that have 330 licensed inpatient beds, the majority of which are for acute inpatients, the company said in a news release.
The facilities had revenue of $61.7 million for the 12 months that ended Sept.
- Acadia said it expects to complete the transaction, subject to customary closing conditions, in late December.
“Today’s announcement provides further evidence of both our continuing opportunities to purchase well-run inpatient psychiatric facilities with high quality professional staffs and our ability to execute on these opportunities,” Joye Jacobs, chairman and chief executive officer of Acadia, said in the release.
- Steve Painter
Arkansans can file
LCD-screen claims
Arkansas consumers and businesses have until Dec. 6 to file claims for cash payments resulting from the state’s settlement with manufacturers of flatpanel liquid crystal display screens.
The cash payments will be distributed to purchasers of items containing an LCD screen between 1999 and 2006, according to a release from Attorney General Dustin McDaniel earlier this month.
Claim forms are available at www.lcdclass.com or by calling (855) 225-1886.
McDaniel and other attorneys general reached an agreement with LCD manufacturers earlier this year over price-fixing allegations on the screens used in televisions, monitors, and laptop computers.
Consumers may collect $25, $100, $200 or more based on the number of products purchased. Consumers and businesses in the 24 states that settled, including Arkansas, are eligible for the payments.
- John MagsamArkansas Best gains 5.5%; index off 0.56
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 0.56 to 244.16 Tuesday.
“Stocks traded in a narrow range throughout the session before moving sharply lower in the final hour after downbeat statements were made by Sen.
Harry Reid regarding U.S.
budget negotiations,” said Bob Williams, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock.
Arkansas Best rose 5.5 percent in active trading.
Bank of the Ozarks was down 1.6 percent in light trading.
Volume was 23.2 million shares, compared with average daily volume of 30.2 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 25 on 11/28/2012