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Acadia Healthcare executives on Wednesday announced the sale of their struggling United Kingdom division for $1.35 billion, down 25 percent from what the Franklin-based behavioral health company bought it for in 2016. 

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The parent company of American Addiction Centers has concluded its bankruptcy reorganization, during which is shed about $500 million of debt.

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The directors of Community Health Systems last week formally tapped President and COO Tim Hingtgen to succeed Wayne Smith as the company’s CEO, giving him a $200,000 bump in pay along the way.

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Executives at Acadia Healthcare have formed a joint venture with the large Henry Ford Health System in Detroit that will build a behavioral health hospital in the region.

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Investors have taken in stride a plan by Community Health Systems executives to convert $700 million of the company’s debt into cash and stock.

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An entity affiliated with Chinese billionaire Tianqiao Chen last week sold another $40 million worth of their shares of Community Health Systems, following up on similar transactions earlier in the month.

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The leaders of Quorum Health have signed a letter of intent to explore the acquisition of a hospital in Mid-Missouri, a deal that would mark its first major move following its Chapter 11 reorganization.

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The three independent board members of IMAC Holdings have told the Brentwood-based company they will resign by Nov. 30, citing disagreements with CEO (and fellow director) Jeff Ervin and his team.

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Franklin-based Community Health Systems has agreed to pay $5 million in a multistate settlement related to its 2014 data breach that impacted 6.1 million patients, including nearly 450,000 in Tennessee. 

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Vanderbilt University Medical Center has announced an agreement with Franklin-based Community Health Systems that will have it purchase two hospitals and acquire a minority stake in another. 

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Franklin-based Acadia Healthcare is resuming sales negotiations for the United Kingdom business it acquired in 2016 for $1.5 billion, CEO Debbie Osteen announced on Tuesday.