FRANKLIN, Tenn.--(BUSINESS WIRE)--Jun. 9, 2014--
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced a
proposed underwritten public primary offering of $340 million of its
common stock. In connection with the offering, certain selling
stockholders intend to grant to the underwriters a 30-day option to
purchase up to an additional 15% of the common stock in a secondary
offering. Acadia will not receive any proceeds from the sale of shares
by the selling stockholders pursuant to the exercise of the
underwriters’ option to purchase additional shares. To the extent any of
the selling stockholders elect not to grant the underwriters an option
to purchase some or all of these additional shares, the Company will
grant the underwriters an option to purchase such additional shares.
Acadia intends to use its proceeds from the offering principally to fund
its acquisition strategy, particularly the planned acquisition of
Partnerships in Care and the fees and expenses related to the
transaction.
BofA Merrill Lynch, Jefferies LLC and Citigroup are acting as joint
book-running managers for the offering, and Raymond James & Associates,
Inc., RBC Capital Markets, LLC, Avondale Partners, LLC, Robert W. Baird
& Co. Incorporated and BMO Capital Markets Corp are acting as
co-managers. The offering is subject to market conditions, and there can
be no assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering. The offering will be
made only by means of a written 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;
(ii) Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877)
547-6340 or by e-mail at prospectus_department@jefferies.com;
or (iii) Citigroup, c/o Broadridge Financial Solution, 1155 Long Island
Avenue, Edgewood, NY 11717 or e-mail BATProspectusdept@citi.com.
The common stock described above will be offered by the Company and the
selling stockholders, as the case may be, pursuant to an automatic shelf
registration statement that was filed with the Securities and Exchange
Commission today. The specific terms of the offering are described in a
prospectus supplement to be filed with the SEC in connection with the
offering.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities in any jurisdiction in
which such offer, solicitation or sale is unlawful.
Acadia has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement
and other documents Acadia has filed with the SEC for more complete
information about Acadia and this offering. You may get these documents
for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, Acadia, any underwriter or any dealer participating in
the offering will arrange to send you the prospectus if you request them
by calling BofA Merrill Lynch at 866-500-5408.
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 52 behavioral healthcare facilities with more than
4,300 licensed beds in 24 states 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.
Source: Acadia Healthcare Company, Inc.
Acadia Healthcare Company, Inc.
Brent Turner, President,
615-861-6000
