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Will Expand Acadia’s
Expected Annualized Accretion in Range of
In accordance with the terms of the purchase agreement, (i) an aggregate
of 5.363 million shares of Acadia common stock, subject to adjustment as
provided in the agreement, will be issued to the sellers, and (ii)
Acadia will pay cash consideration of approximately £1.275 billion (or
approximately
Acadia expects this transaction will produce annualized earnings
accretion in a range of approximately
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. We do 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
our future results could differ significantly from those expressed or
implied by our forward-looking statements. Factors that may cause actual
results to differ materially include, without limitation, (i) Acadia’s
ability to complete the financing transactions for the Priory
acquisition on the timing and terms expected, (ii) Acadia’s ability to
complete the Priory acquisition and other acquisitions and successfully
integrate the operations of acquired facilities; (iii) Acadia’s ability
to add beds, expand services, enhance marketing programs and improve
efficiencies at its facilities; (iv) potential reductions in payments
received by Acadia from government and third-party payors; (v) the
occurrence of patient incidents, which could adversely affect the price
of our common stock and result in incremental regulatory burdens and
governmental investigations; (vi) the risk that Acadia may not generate
sufficient cash from operations to service its debt and meet its working
capital and capital expenditure requirements; and (vii) potential
operating difficulties, client preferences, changes in competition and
general economic or industry conditions that may prevent Acadia from
realizing the expected benefits of its business strategy. These factors
and others are more fully described in Acadia’s periodic reports and
other filings with the
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
About
Priory is a leading provider of behavioral healthcare services in the
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160104005471/en/
Source:
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President