FRANKLIN, Tenn.--(BUSINESS WIRE)--Jan. 6, 2016--
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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Source: Acadia Healthcare Company, Inc.
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President