Acadia Healthcare Announces Pricing of Offering of 10,000,000 Shares of Common Stock
January 06 2016 - 8:23PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (“Acadia” or the
“Company”) today announced the pricing of its previously announced
underwritten public offering of 10,000,000 shares of common stock
at a public offering price of $61.00 per share, for gross proceeds
to the Company of $610 million, before the underwriting discount
and offering expenses. In addition, the Company has granted the
underwriters a 30-day option to purchase up to an additional
1,500,000 shares of common stock at the public offering price less
the underwriting discount. 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.
BofA Merrill Lynch and Jefferies LLC are acting as joint
book-running managers for 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/20160106006777/en/
Acadia Healthcare Company, Inc.Brent Turner,
615-861-6000President
Acadia Healthcare (NASDAQ:ACHC)
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