Acadia Healthcare Announces Commencement of Follow-On Offering of 8,250,000 Shares of Common Stock
May 09 2012 - 5:10PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (the “Company”)
today announced the commencement of a follow-on offering of
8,250,000 shares of its 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.
The Company 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.
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 is being 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 the Company 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 approximately 2,150 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.
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