Home / Features / Intel Corporation (NASDAQ:INTC) Creates A New Division Called Automated Driving Group- Acadia Healthcare (NASDAQ:ACHC)

Intel Corporation (NASDAQ:INTC) Creates A New Division Called Automated Driving Group- Acadia Healthcare (NASDAQ:ACHC)

Intel Corporation (NASDAQ:INTC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -1.73% to close at $34.70 with the total traded volume of 27.01 Million shares. The chipmaker, Intel Corp. (INTC) reported that it has created a new division called Automated Driving Group, headed by Doug Davis, to design the next generation of advanced driver assist systems and autonomous driving solutions. Kathy Winter will assist Doug as vice president and general manager of the Automated Solutions Division.

Previous to joining Intel, Kathy was vice president of software and services for automated driving at Delphi. Intel is reportedly joining the before reported Delphi-Mobileye alliance to develop a self-driving car system. In August, Mobileye (MBLY) and Delphi Automotive PLC (DLPH) reported a alliance to develop a complete SAE Level 4/5 automated driving solution. The partners’ CSLP platform will be demonstrated at the 2017 Consumer Electronics Show in Las Vegas and production ready for 2019. The firm has institutional ownership of 66.60%, while insider ownership included 0.04%. Its price to sales ratio ended at 2.84. INTC attains analyst recommendation of 2.20 with week performance of -2.20%.

Acadia Healthcare Firm, Inc. (NASDAQ:ACHC) [Trend Analysis] moved down reacts as active mover, shares a loss -0.03% to traded at $38.01 and the percentage gap among open changing to regular change was 0.84%. Acadia Healthcare Firm, Inc. (ACHC) released that it has completed its before reported sale to funds advised by BC Partners LLP of 21 existing behavioral health facilities and one de novo behavioral health facility, not yet opened, in the United Kingdom for £320 million ($395 million) cash.

The sale fulfills the undertakings Acadia gave the Competition and Markets Authority in the U.K. to address the CMA’s concerns about the impact of Acadia’s acquisition of Previousy on competition for the provision of behavioral healthcare services in certain markets in the U.K. Acadia also reported that it has amended its Amended and Restated Credit Facility to raise the flexibility of its revolving credit facility and lower the interest rate and extend the term of the revolving credit facility and Term Loan A. Amid other amendments, Acadia has surged its revolving credit facility to $500.0 million from $300.0 million, while reducing its Term Loan A to $400.0 million from $600.6 million.

The revolving credit facility and Term Loan A now mature in November 2021, which extends the term from February 2019, and reduces the interest rate by 50 basis points. Net proceeds from the sale were used to pay down the Credit Facility, and the revolving credit facility is fully accessible . The firm’s current ratio calculated as 1.00 for the most recent quarter. The firm past twelve months price to sales ratio was 1.28 and price to cash ratio remained 119.64. The firm has total debt to equity ratio measured as 1.63.

 

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