Press Release
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Increases Senior Secured Credit Facility by
“This transaction is representative of continuing opportunities we see
in the inpatient behavioral health industry, both to acquire selective,
high quality facilities with outstanding teams that are leaders in their
markets and to expand these facilities through the addition of new beds,
enhanced marketing and a broader range of services,” remarked
Acadia also announced a
Risk Factors
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 acquisitions and successfully integrate the
operations of the facilities to be acquired; (ii) potential reductions
in payments received by Acadia from the government and third-party
payors; (iii) 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 (iv) potential operating difficulties,
client preferences, changes in competition and general economic or
industry conditions that may prevent Acadia from realizing the expected
benefits of the transaction. These factors and others are more fully
described in Acadia’s periodic reports and other filings with the
About Acadia
Acadia is a provider of inpatient behavioral health care services. Acadia operates a network of 32 behavioral health facilities with over 2,100 licensed beds in 19 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.
Brent Turner, Co-President,
615-861-6000