Acadia Healthcare Company, Inc. Announces Pricing of Public Offering of Common Stock
December 15 2011 - 8:48AM
Business Wire
Acadia Healthcare Company, Inc. (“Acadia” or the “Company”)
(NASDAQ: ACHC) today announced the pricing of a registered public
offering of 8,333,333 shares of its common stock at a public
offering price of $7.50 per share. Acadia has granted to the
underwriters a 30-day option to purchase up to an additional
1,249,999 shares of its common stock to cover overallotments, if
any.
Acadia expects to use the net proceeds from the offering
principally to fund its acquisition strategy, and otherwise for
general corporate purposes, which may include the repayment of
debt.
Jefferies & Company, Inc. and Citigroup are acting as
joint book-running managers for the offering. Raymond
James & Associates, Inc., RBC Capital Markets, LLC and
Avondale Partners, LLC are acting as co-managers of the
offering.
A registration statement relating to these securities has been
declared effective by the Securities and Exchange
Commission. The offering of these securities is being made
only by means of a prospectus. Copies of the preliminary prospectus
and, when available, the final prospectus, may be obtained from
Jefferies & Company, Inc. at 520 Madison Avenue, 12th
Floor, New York, NY, 10022, Attention: Equity Syndicate Prospectus
Department, by calling (877) 547-6340 or by emailing
Prospectus_Department@Jefferies.com or from Citigroup, Brooklyn
Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York,
11220, Attention: Prospectus Department, by calling (800) 831-9146
or by emailing batprospectusdept@citi.com. The preliminary
prospectus and, when available, the final prospectus, may also be
obtained on the Securities and Exchange Commission’s website at
http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of any offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Acadia
Founded in December 2005, Acadia is a provider of inpatient
behavioral health care services. Acadia operates a network of 34
behavioral health facilities with approximately 1,950 licensed beds
in 18 states. Acadia provides psychiatric and chemical dependency
services to its patients in a variety of settings, including
inpatient psychiatric hospitals, residential treatment centers,
outpatient clinics and therapeutic school-based programs.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include but are not limited to our plans,
objectives, expectations and intentions and other statements that
contain words such as “expects,” “contemplates,” “anticipates,”
“plans,” “intends,” “believes” and variations of such words or
similar expressions that predict or indicate future events or
trends, or that do not relate to historical matters. These
statements are based on our current beliefs or expectations and are
inherently subject to significant uncertainties and changes in
circumstances, many of which are beyond our control. There can be
no assurance that our beliefs or expectations will be achieved.
Actual results may differ materially from our beliefs or
expectations due to economic, business, competitive, market and
regulatory factors.
Although Acadia believes that the expectations reflected in the
forward looking statements are reasonable, it cannot guarantee that
it will effect the proposed public offering. Accordingly, you
should not place undue reliance on these forward-looking
statements.
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