The Russell Microcap Index will now track Brentwood-based Diversicare Healthcare Services.
Comprising less than 3 percent of the U.S. equity market, the index includes 1,000 of the smallest securities in the Russell 2000 Index.
"We are pleased to be added to the Russell Indexes," Kelly Gill (pictured), Diversicare CEO, said in a release. "Along with our successful execution over the last few years, our inclusion in this Index represents an important milestone for Diversicare, as we continue to increase our visibility in the investment community."
Shares of Diversicare (Ticker: DVCR) finished Thursday's abbreviate trading day at $7.05, down 16 cents (2.2 percent). Year to date, they're up about 55 percent.
Acadia Healthcare announced Wednesday it has completed the $662 million acquisition of Partnerships in Care, the United Kingdom's second largest behavioral health provider.
"We are very pleased to enter the U.K. market for inpatient behavioral care with such a high quality provider and well-established market leader as PiC," Joey Jacobs, Acadia CEO, said in a release. "We continue to believe that favorable market dynamics in the U.K. present a significant opportunity for accretive growth. With PiC's strong management team, supported by Acadia's experienced organization and access to capital, we are confident that we are well positioned to achieve our expectations for growth in the U.K., both organically and through additional acquisitions."
Shares of Acadia (Ticker: ACHC) were up 3 percent to $47.51 Wednesday morning. In the past 12 months, they're up 43 percent.