Acadia migrating

Acadia, an Atlanta behavioral health firm, is migrating from Atlanta to middle Tennessee, propelled by new CEO Joey Jacobs and $20MM in management-team investment. NashvillePost.com has it.

Jacobs to Cumberland Pharma board

Cumberland Pharmaceuticals (Nas:CPIX), which has gotten some tough scrutiny from analysts, added former Pyschiatric Solutions CEO Joey Jacobs to its b.o.d. Cumberland recently announced its voluntary recall of Acetadote. The Jacobs release.

Class action: Psych Solutions

Coughlin Stoia Geller Rudman & Robbins LLP today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Middle District of Tennessee on behalf of purchasers of Psychiatric Solutions, Inc.

PsySolutions sells unit to Aetna

Psychiatric Solutions announced today it is selling its employee assistance program business to Aetna for about $70 million.