US Acadia Group pay 1.28bn for The Priory Group . Mental health feeds Venture Capital Profit.

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US Acadia bought the Priory Group for 1.28 bn in February this year.

85% of The Priory Group income is from public funds.

In 2015/16 it received over 250 million from the our NHS.

An expensive media and political campaign, the solution to the  Winterbourne abuse, despite the fact Winterbourne was privately owned, heralded  all public NHS inpatient beds were to be phased out, so this NHS income will increase.

Acadia was backed by Advent International, one of the largest private equity investors, controlling €26 billion.

Advent was advised by Rothschild, JP Morgan, Bank of America Merrill Lynch, Barclays, Numis and Freshfields on the transaction.

Joey Jacobs, Acadia’s chief executive, commented on the deal:

“We believe there will be a long-term increase in the need for independent sector support for inpatient behavioural health.”[This] will provide Acadia continuing long-term accretive organic growth and…

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