Acadia Healthcare Announces Proposed Offering of 10,000,000 Shares of Common Stock
January 05 2016 - 5:04PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (“Acadia” or the
“Company”) today announced a proposed underwritten public offering
of 10,000,000 shares of its common stock.
Acadia intends to use the proceeds from the offering principally
to fund its acquisition strategy, particularly to fund a portion of
the purchase price for its planned acquisition of the Priory Group,
a leading provider of behavioral healthcare services in the United
Kingdom, and the fees and expenses related to the transaction. In
connection with the offering, Acadia intends to grant to the
underwriters a 30-day option to purchase up to an additional 15% of
its common stock issued in the offering.
BofA Merrill Lynch and Jefferies LLC are acting as joint
book-running managers for the offering. The offering is subject to
market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering. The shares of common stock are being offered
pursuant to the Company’s shelf registration statement on file with
the Securities and Exchange Commission. The offering is made solely
by means of a prospectus supplement and accompanying prospectus,
copies of which may be obtained by contacting: (i) BofA Merrill
Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus
Department or by e-mail at dg.prospectus_requests@baml.com or (ii)
Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, or by e-mail at
Prospectus_Department@Jefferies.com or by telephone at (877)
821-7388.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.
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.
About Acadia
Acadia is a provider of inpatient behavioral healthcare
services. Acadia operates a network of 258 behavioral healthcare
facilities with more than 9,900 beds in 39 states, the United
Kingdom and Puerto Rico. 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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version on businesswire.com: http://www.businesswire.com/news/home/20160105006826/en/
Acadia Healthcare Company, Inc.Brent Turner,
615-861-6000President
Acadia Healthcare (NASDAQ:ACHC)
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