Highland Hospital says sale to Acadia is off
CHARLESTON, W.Va. (AP) – Highland Hospital has announced it is not selling its facilities to Franklin, Tennessee-based Acadia Healthcare.
The sale was to include Highland’s Kanawha City hospital. Highland’s board of directors unanimously agreed to sell Kanawha City hospital three months ago.
The Charleston Gazette-Mail (http://bit.ly/2gmIeXF ) reports Highland’s board is now considering other potential partners for the sale.
Highland CEO Cynthia Persily said in a news release Wednesday that the proposed sale “no longer is the right deal at the right time.”
The two behavioral health companies were expecting to have had a definitive agreement in place by the end of September.
The sale would include the Highland Hospital Association, a psychiatric hospital which includes a psychiatric residential treatment facility; Highland Health Center Inc., a 16-bed residential treatment and detoxification program; and Process Strategies, which provides various outpatient behavioral health services.