Acadia Healthcare Announces Follow-On Offering of 8,261,509 Shares of Common Stock Date
April 30 2012 - 9:25AM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced a
follow-on offering of 8,261,509 shares of its common stock. The
Company will be offering 8,250,000 shares of common stock and a
selling stockholder will be offering 11,509 shares of common stock.
In addition, the Company has granted the underwriters a 30-day
option to purchase up to an additional 1,237,500 shares of common
stock.
Acadia intends to use the proceeds from this offering
principally to fund its acquisition strategy. To the extent not
used for acquisitions, the Company plans to use the proceeds for
general corporate purposes and in addition, may use the proceeds to
repay debt under its senior secured credit facility and senior
notes. Acadia will not receive any proceeds from the sale of shares
by the selling stockholder.
Citigroup, BofA Merrill Lynch and Jefferies & Company, Inc.
are acting as joint bookrunners for the offering, and Raymond James
& Associates, Inc., RBC Capital Markets, LLC and Avondale
Partners, LLC are acting as co-managers. The offering will be made
only by means of a written prospectus, copies of which may be
obtained by contacting: Citigroup, Attention: Prospectus
Department, Brooklyn Army Terminal, 140 East 58th Street, 8th
Floor, Brooklyn, NY 11220 or telephone: (800) 831-9146 or email:
BATProspectusdept@citi.com; BofA Merrill Lynch, Attn: Prospectus
Department, 4 World Financial Center, New York, NY 10080 or email:
dg.prospectus_requests@baml.com; or from Jefferies & Company,
Inc., 520 Madison Ave., 12th Floor, New York, NY 10022, Attn:
Equity Syndicate Prospectus Department or telephone
(877) 547-6340 or email
Prospectus_Department@Jefferies.com.
A registration statement relating to shares of the common stock
of Acadia Healthcare Company, Inc. has been filed with the
Securities and Exchange Commission, but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This news release contains forward-looking statements. Generally
words such as “may,” “will,” “should,” “could,” “anticipate,”
“expect,” “intend,” “estimate,” “plan,” “continue,” and “believe”
or the negative of or other variation on these and other similar
expressions identify forward-looking statements. These
forward-looking statements are made only as of the date of this
news release. The Company does not undertake to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking statements
are based on current expectations and involve risks and
uncertainties and Acadia’s future results could differ
significantly from those expressed or implied by the
forward-looking statements.
About Acadia
Acadia is a provider of inpatient behavioral health care
services. Acadia operates a network of 33 behavioral health
facilities with over 2,100 licensed beds in 19 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.
Acadia Healthcare (NASDAQ:ACHC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Acadia Healthcare (NASDAQ:ACHC)
Historical Stock Chart
From Jul 2023 to Jul 2024