Acadia Healthcare Company, Inc. Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment Option
December 20 2011 - 10:15AM
Business Wire
Acadia Healthcare Company, Inc. (“Acadia” or the “Company”)
(NASDAQ: ACHC) today announced that it has closed its previously
announced registered public offering of 8,333,333 shares of its
common stock at a price to the public of $7.50 per share. Prior to
closing, the underwriters exercised in full their option to
purchase an additional 1,249,999 shares of common stock from the
Company. As a result, the total offering size was 9,583,332 shares
of common stock.
Acadia received approximately $67.6 million in net proceeds from
the offering, after deducting underwriting discounts and
commissions and estimated expenses of the offering. 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 acted as joint
book-running managers for the offering. Raymond James &
Associates, Inc., RBC Capital Markets, LLC and Avondale Partners,
LLC acted as co-managers of the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
December 14, 2011. The offering was made only by means of a
prospectus, copies of which 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 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.
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