FRANKLIN, Tenn.--(BUSINESS WIRE)--Dec. 20, 2011--
Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ:
ACHC) today announced that it has closed its previously announced
registered public offering of 8,333,333 shares of its common stock at a
price to the public of $7.50 per share. Prior to closing, the
underwriters exercised in full their option to purchase an additional
1,249,999 shares of common stock from the Company. As a result, the
total offering size was 9,583,332 shares of common stock.
Acadia received approximately $67.6 million in net proceeds from the
offering, after deducting underwriting discounts and commissions and
estimated expenses of the offering. Acadia expects to use the net
proceeds from the offering principally to fund its acquisition strategy,
and otherwise for general corporate purposes, which may include the
repayment of debt.
Jefferies & Company, Inc. and Citigroup acted as joint book-running
managers for the offering. Raymond James & Associates, Inc., RBC Capital
Markets, LLC and Avondale Partners, LLC acted as co-managers of the
offering.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on December 14,
2011. The offering was made only by means of a prospectus, copies of
which may be obtained from Jefferies & Company, Inc. at 520 Madison
Avenue, 12th Floor, New York, NY, 10022, Attention: Equity Syndicate
Prospectus Department, by calling (877) 547-6340 or by emailing Prospectus_Department@Jefferies.com
or from Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, New York, 11220, Attention: Prospectus Department, by calling
(800) 831-9146 or by emailing batprospectusdept@citi.com.
The final prospectus may also be obtained on the Securities and Exchange
Commission’s website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of any offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Acadia
Founded in December 2005, Acadia is a provider of inpatient behavioral
health care services. Acadia operates a network of 34 behavioral health
facilities with approximately 1,950 licensed beds in 18 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.
Source: Acadia Healthcare Company, Inc.
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
Co-President
